Hutchison ports trust seeks $5.8 billion from Singapore listing

Eight cornerstones will buy $1.62 billion worth of the deal, while the preferential offering will account for at least $388 million to $460 million.

Hutchison Port Holdings Trust yesterday set the terms for its Singapore initial public offering, putting it on track for the largest ever listing in the Lion City. The business trust is seeking to raise between $4.9 billion and $5.8 billion, which it will use to pay for the ports assets in Hong Kong, Macau and China’s Guangdong province that it is acquiring from Hutchison Whampoa’s 80%-owned ports unit.

The price is indicated between $0.91...

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