The company, which manages Chinese port assets for billionaire Li’s Hutchison Whampoa Ltd., plans to sell about 5.4 billion units in a trust at $1.01 each, after offering them at 99 cents to $1.03, said the people, who declined to be identified before an announcement. Full story
Li’s Hutchison Port Said to Raise $5.4 Billion in Singapore IPO
BusinessWeek, 11 Mar 2011
March 11 (Bloomberg) -- Li Ka-shing’s Hutchison Port Holdings Trust expects to raise $5.4 billion in Southeast Asia’s biggest initial public offering, according to three people with knowledge of the transaction.
The company, which manages Chinese port assets for billionaire Li’s Hutchison Whampoa Ltd., plans to sell about 5.4 billion units in a trust at $1.01 each, after offering them at 99 cents to $1.03, said the people, who declined to be identified before an announcement. Full story
The company, which manages Chinese port assets for billionaire Li’s Hutchison Whampoa Ltd., plans to sell about 5.4 billion units in a trust at $1.01 each, after offering them at 99 cents to $1.03, said the people, who declined to be identified before an announcement. Full story
