Plugged-in: HKE Investments powers up $3.6bn IPO

By Clare Hammond
13 Jan 2014

Power Assets is floating just 50.1% of Hong Kong Electric Investments spin-off in a HK$27.9bn ($3.6bn) IPO. Two cornerstones – including a Chinese state owned electricity company - have been named ahead of the bookbuilding process, which will begin on January 14.

HKE Investments is scheduled to start taking bids for its IPO on Tuesday, January 14 with a view to pricing and allocating the deal on January 22, according to a banker on the trade.

The total number of units on offer will be 4.43bn, representing 50.1% of ...

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