Post Reply
21-26 of 26
Awaiting for this IPO! Everyone sure get something.
For more info - Hutchison Port IPO may eclipse Singapore’s 2010 deals: Update
http://theedgesingapore.com/the-daily-edge/business/25161-hutchison-port-ipo-may-eclipse-singapores-2010-deals-update.html
An offering of that size would be a record for the city- state, eclipsing the US$4 billion raised by Singapore Telecommunications in 1993. IPO proceeds in Singapore totaled $5.7 billion last year, trailing the US$49.5 billion raised in Hong Kong, according to data compiled by Bloomberg that exclude overallotment shares.
“Given there’s so many companies listing in Hong Kong, you can say the Singapore Exchange won this time,” said Nicholas Yeo, who helps oversee Chinese equities at Aberdeen Asset Management, which manages US$261 billion globally. “This is definitely a boost to the Singapore market.”
Value up to S$7.7 billion, biggest-ever ipo in S'pore, a coup listing in history for Singapore Exchange (SGX), it mean going to be a huge success, beating SingTel's record S$4 billion ipo held in 1993.
Hutchison's Whampoa's wants to spin of it deep water port business in HK and China's - Guangdong province along with related businesses like logistics into HutchisonPort Holdings Trust (HPH Trust) , as one of the world's largest port operators, with interests in 51 docks in 25 countries. it also has investments in property and hotels, retail, telecommunication and infrastructure.
To be completed by March 2011. On completion of IPO parent company will held a stake of about 25% in the trust, HPH Trust will be a business trust and is similar in nature to real estate investment trusts (Reits).
S'pore port giant PSA International has 20% stake in Hutchison's portfolio of ports (bot for US$4.4 bil in 2006).
teeth53 thot - A huge boost to IPO and related trading on SGX., will be given weightage on SGX index stock.
I am vested!
And this is call real IPO. Watch it !!!
teeth53 ( Date: 18-Jan-2011 22:40) Posted:
|
18-01-2011 19:20:35
Reuters Insider - Breakingviews: Singapore Lands One on HK With Hutchison IPO
DateLine: LONDON, Jan 18 (Reuters) - Hong Kong-based
Hutchison Whampoa is to take advantage of Singapore's tax-efficient trust law to list its port operations there. The deal is payback for Singapore and a wake-up call for Hong Kong.
Time/Date: 10:30 GMT - Tue, 18 Jan 2011
Title: Breakingviews: Singapore Lands One on HK With Hutchison IPO
Description: Hong Kong-based Hutchison Whampoa is to take advantage of Singapore's tax-efficient trust law to list its port operations there. The deal is payback for Singapore and a wake-up call for Hong Kong.
View Show:
http://insider.thomsonreuters.com/link.html?cn=share&ctype=group_channel&chid=3&cid=181548&shareToken=MzpjMmMwYmE2Zi04ODdjLTQwMTctYWIwOS1mMzkzNzI2MjAyYjU%3D&playerName=ReutersNews
Quote: "A lot of people are going to be saying, it is a Hong Kong company (Hutchison Whampoa), why are we not doing this in Hong Kong?" Robert Cole, Assistant Editor, Reuters
Breakingviews Highlights:
00:00:51 Hutchison Whampoa chooses Singapore for IPO
http://insider.thomsonreuters.com/link.html?cn=share&ctype=group_channel&chid=3&cid=181548&shareToken=MzpjMmMwYmE2Zi04ODdjLTQwMTctYWIwOS1mMzkzNzI2MjAyYjU%3D&start=51&end=53
00:01:25 May be some technical reasons why Singapore chosen
http://insider.thomsonreuters.com/link.html?cn=share&ctype=group_channel&chid=3&cid=181548&shareToken=MzpjMmMwYmE2Zi04ODdjLTQwMTctYWIwOS1mMzkzNzI2MjAyYjU%3D&start=85&end=87
00:02:14 Raising UK interest rates now will kill off growth
http://insider.thomsonreuters.com/link.html?cn=share&ctype=group_channel&chid=3&cid=181548&shareToken=MzpjMmMwYmE2Zi04ODdjLTQwMTctYWIwOS1mMzkzNzI2MjAyYjU%3D&start=134&end=136
00:03:30 Enormous pressure on the TNK-BP deal
http://insider.thomsonreuters.com/link.html?cn=share&ctype=group_channel&chid=3&cid=181548&shareToken=MzpjMmMwYmE2Zi04ODdjLTQwMTctYWIwOS1mMzkzNzI2MjAyYjU%3D&start=210&end=212
(To access all exclusive Reuters Insider programming visit: http://insider.thomsonreuters.com)
Short Link: http://bit.ly/fcu92b