Hutchison says to freeze uncommitted spending

HONG KONG Oct 24 (Reuters) - Ports-to-telecoms conglomerate Hutchison Whampoa (0013.HK), owned by billionaire Li Ka-shing, confirmed it will halt uncommitted spending until June next year and will review all new investments amid a volatile global financial market.

All investments required a new look, Citigroup quoted a senior Hutchison executive as saying.

The company has no corporate bonds, no structured investments and no open position of accumulators, Citigroup said in a research report dated Thursday. (Reporting by Alison Leung; editing by Anne Marie Roantree)