Hutchison Whampoa To Spin Off And List Port Assets In Singapore – Update
(RTTNews) - Conglomerate Hutchison Whampoa Ltd. (HUWHF.PK: News ,HUWHY.PK: News ) said Monday evening that it plans to spin off its ports assets, Hutchison Port Holdings Trust, in a separate listing on the Singapore stock exchange. The company did not disclose the amount of money it hopes to raise from the listing, but media reports said that the IPO could raise up to US$6 billion. The company intends to use the proceeds from the sale to help pay for expansion plans in ports and other businesses.Hutchison Read more [...]