Henderson Cyber asks public to finance big plans

Investors forked out $120 million to finance Henderson Cyber''s ambitions to become a big technology player in Hong Kong. It''s an issue that relied on the Lee family name, analysts say.
July 11, 2000

Henderson Cyber, an internet and technology company spun off by Hong Kong property developer Henderson Land, raised HK$937.5 million ($120 million) in its initial share offering, the low end of its target, as uncertainty over the company's growth prospects weighed against investors' enthusiasm for Henderson Land chairman Lee Shau-kee û one of Hong Kong's richest men.

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