HKT Trust raises $1b from rights issue

Demand was strong for Richard Li's telecom trust, which will use the proceeds to pay down some of its substantial debt.

Richard Li

Suzy Waite

July 17, 2014

HKT Trust, a telecom trust controlled by Hong Kong tycoon Richard Li, raised HK$7.9 billion ($1 billion) in a rights issue on Thursday.

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