HONG KONG: Cheung Kong Infrastructure Holdings Ltd (CKI) is looking at more than 20 investment projects as the company expands its portfolio, its chairman said on Tuesday.

CKI Chairman Victor Li, elder son of tycoon Li Ka-shing, made the comments on the sidelines of a business lunch event on Tuesday, but declined comment on whether the company had jointly bid for E.ON AG's British power networks with Power Assets Holdings Ltd.

"When we bid, sometimes we get it, but more often we don't," he said, declining to elaborate.

CKI and Power Assets are both under billionaire Li Ka-shing's ports-to-telecoms conglomerate Hutchison Whampoa Ltd.

The younger Li, who is also deputy chairman of Hong Kong property developer Cheung Kong (Holdings) Ltd, added that preparations for its planned yuan-denominated REIT initial public offering were "going smoothly". ($1=.6147 Pound)