MTR Corp takes to the tracks

The analysts meeting for the high profile privatisation of Hong Kong''s urban rail network takes place today (Friday) ahead of its flotation next month.

Launch of what is projected to be a HK$20 billion $2.58 billion deal is scheduled to take place in mid-September for listing on the Hong Kong Stock Exchange by the end of the month. Backed by lead managers Goldman Sachs, HSBC and UBS Warburg, the government is hoping to sell a 25% stake in the rail operator, ahead of a second 25% stake next year.

The offering is also expected to be ...

To continue reading, please login or register for free

Click for more on: mtr | corp | takes | tracks

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 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 ...