Hph Trust assets include Hong Kong International TerminalsHutchinson Port Holdings Trust ( is set to raise some $5.5 billion from its initial public offering ( in Singapore, the biggest in Asia so far this year.The container port business trust on Monday priced its share offering at $1.01 per unit, after saying that it would range its offering price between $0.91 and $1.08 per unit.
Trust is offering some 3.8 billion under a global offering and 1.6 billion units offered to eight investors.The trust said it intends to use the proceeds raised from the IPO to reduce parent firm Hutchinson Whampoa Ltd's net debt to net total capital ratio by around 20% in 2011.
No comments:
Post a Comment