HPH Trust gets exchange approvals for SGX IPO

17 Feb 2011

Hutchison Whampoa started marketing the Singapore IPO of HPH Trust, its soon to be spun-off ports unit, this week, after receiving approvals from both the Hong Kong stock exchange (HKEx) and Singapore stock exchange (SGX).

Bankers expect the structure of the deal to ensure a strong response. "Trusts are having a good run because there is particularly high demand for safe investments with guaranteed yields and high cash flows," said a banker on the deal.

HPH Trust hopes to raise between HK$25bn-HK$35bn from the ...

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