CRE (0291) has issued a bland denial that its parent owes it anything under the profit-share for the on-sale of its stake in Hutchison's ports. The calculation under that agreement in itself amounts to a connected transaction. We call for full disclosure of the apportionment of proceeds received by CRH, backed up by independent valuation of the other assets CRH bundled in. Without better information, we conservatively estimate a gain of $1,927m. The interests of CRE independent shareholders have not yet been protected.