Hutchison Whampoa, one of the flagship companies of the Hong Kong billionaire Li Ka-Shing, said that it would spin off some of its busiest container port operations in what could be one of the biggest stock market listings in Asia this year, reports The New York Times.
The expected US$6bn business trust is planned to be listed on SGX. HK doesn’t have laws for business trusts only Reits.
Well that can be changed. Juz cut and paste S’pore’s lawa and listing rules.
Let’s wait until the fat lady sings. I don’t see HK rolling over on this.