Banks eye Wharf spin-off for acquisition financing

Orange fibre optic cable 230x150
By Shruti Chaturvedi
11 Jul 2016

Banks are hoping for opportunities to finance loans arising from a potential spin-off of the communications, media and entertainment (CME) assets of Hong Kong conglomerate Wharf Holdings.

Wharf is carrying out a strategic review of its CME businesses, made up of fixed line operator Wharf T&T and Hong Kong-listed television and broadband service provider i-Cable Communications, it said in a filing on the Hong Kong bourse on July 5.

The company has received preliminary proposals ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial