Hutchison makes $545 million offer to take HTIL private

The offer comes after the sale of the mobile businesses in India and Israel, and the separate listing of the Hong Kong and Macau operations, left HTIL with four businesses at the early growth stages.

Hutchison Whampoa on Friday made an offer for the 39.6% of Hutchison Telecommunications International Ltd HTIL that it doesn't already own, with the aim of making the mobile company a wholly owned subsidiary. Hutchison offered HK$2.20 in cash for each share, or the US dollar equivalent of HK$33 per American depositary share, which values the total offer at HK$4.23 billion $545 million, assuming all outstanding share options are exercised by the record date.

The proposed privatisation...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...