Wu nets HK$3bn for bridge dream with Hopewell float

01 Aug 2003

Gordon Wu's Hopewell Holdings has raised HK$3bn ($386m) by floating its mainland infrastructure assets in a new company named Hopewell Holdings Infrastructure (HHI). Citigroup priced the 720m share issue at HK$4.18 per share.

The institutional book was about 2.5 times covered and the Hong Kong public offer about 4.5 times.

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