Wharf to spin off and list i-Cable stock

Hong Kong-listed Wharf Holdings is set to spin off and float its entire holding in i-Cable Communications by way of introduction, according to an exchange filing on Wednesday.

  • By Jonathan Breen
  • 09 Aug 2017

Property developer Wharf’s board of directors has announced plans for a special dividend in the form of 1.49bn i-Cable shares, which will be distributed through an open offer on the basis of 48.9 i-Cable shares for every 100 Wharf shares.

Based on the HK$0.35 ($0.04) closing price of ...

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