Hopewell Highway secures strategic investor

One of the companies rumoured to be bidding for the Hong Kong/Macau/Zhuhai bridge with Gordon Wu takes 10% of the IPO.

Sun Hung Kai Properties is set to purchase a minimum of 10% of the forthcoming IPO of Hopewell Highway Infrastructure HHI. The property company joins Bank of China as one of two strategic investors in the 720 million share deal, which prices at the end of this month.

The company's participation is not that surprising in the light of its bid for the 29km bridge linking Hong Kong to Macau and Zhuhai. HHI and SHK are widely believed to be bidding together in a consortium, which also comprises Henderson Land, Shun Tak Development and New World Development.

The Kwok family, who own SHK and the Wu family behind Hopewell have...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222