Hutch turns to SGX for $6bn trust listing
Hong Kong conglomerate Hutchison Whampoa is planning to list some of its ports on the Singapore stock exchange in a deal that could be worth as much as S$7.7bn ($6bn), breaking the previous record for the biggest listing on the exchange.
Singapore was an obvious choice of exchange because it allows the listing of business trusts, which is not permitted in Hong Kong. But bankers said this was not the only attraction of Singapore for companies that want to list business trusts.
"Not only does Singapore have a big market
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