Market Chatter: CK Hutchison Mulling IPO of Telecom Business in Hong Kong
MT Newswires Live
Sep 01
CK Hutchison (HKG:0001) is considering taking its global telecom business public in Hong Kong as part of a broader review of assets, Bloomberg reported Friday.
The company has hired Citigroup and Goldman Sachs Group for a potential listing, though talks are at a preliminary stage.
CK Hutchison could also opt for a dual listing and float the business' shares in London.
Other options include selling or consolidating portions of the business.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.