HONG KONG (Reuters) – Hong Kong conglomerate CK Hutchison Holdings Ltd has started preparations to spin-off its telecommunication assets globally and list the business on the London Stock Exchange, two people with knowledge of the matter said. The company has in recent weeks discussed the plan with a small group of financial advisers, said the […]
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Exclusive-CK Hutchison mulls spin-off of global telecom assets, eyeing London listing, sources say
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HONG KONG (Reuters) – Hong Kong conglomerate CK Hutchison Holdings Ltd has started preparations to spin-off its telecommunication assets globally and list the business on the London Stock Exchange, two people with knowledge of the matter said.
The company has in recent weeks discussed the plan with a small group of financial advisers, said the people.
The spun-off entity would host CK Hutchison’s telecoms businesses in Europe, Hong Kong and Southeast Asia, the people said, who spoke on condition of anonymity because the information was confidential.
A spokesperson for CK Hutchison declined to comment.
(Reporting by Kane Wu in Hong Kong, Amy-Jo Cowley in London. Additional reporting by Clare Jim in Hong Kong and Yantoultra Ngui in Singapore. Editing by Sumeet Chatterjee and Mark Potter)