Key Developments: Hutchison Whampoa Ltd (HUWHY.PK)
16.15USD
1 Jun 2012
$-0.32 (-1.94%)
$16.47
$16.09
$16.38
$16.09
7,081
29,650
$23.72
$13.52
Latest Key Developments
Hutchison Whampoa Limited Go To Court To Keep Eircom Bid Alive-Reuters
Reuters reported that lawyers for Hutchison Whampoa Limited made a last ditch attempt to salvage the Hong Kong company's bid for Eircom. The firm's lawyers asked a Dublin court on Wednesday to direct the examiner for Eircom to look more fully into its bid. Eircom was granted court protection from creditors in March to allow it to restructure EUR3.75 billion ($4.9 billion) debt and its court-appointed examiner agreed last week to implement a company-backed plan where lenders would take control and cut the company's debt by 40%-50%. The examiner spurned for the second time a EUR2 billion bid by Hutchison in the process and lawyers for the company controlled by Asia's richest man Li Ka-shing said that its offer had not been afforded due diligence. Full Article
Hutchison Whampoa Limited Recommends Final Dividend
Hutchison Whampoa Limited announced that the Board recommends the payment of a final dividend of HKD1.41 per share, a 16% increase, (2009 – HKD1.22 per share) payable on May 23, 2011, to those persons registered as shareholders on May 20, 2011. Combined with the interim dividend of HKD0.51 per share, the full year dividend amounts to HKD1.92 per share (2009 – HKD1.73 per share), an 11% increase. Full Article
Hutchison Whampoa Limited Announces Proposed Spin-off And Separate Listing Of Hutchison Port Holdings Trust On Main Board Of Singapore Exchange Securities Trading Limited
Hutchison Whampoa Limited announced that on 28 February 2011, a Preliminary Prospectus was lodged with the MAS in Singapore on behalf of HPH Trust in connection with the proposed initial public offering of Units in Singapore. The Preliminary Prospectus so lodged is in a draft form, and contains information which is incomplete and subject to change. It is lodged only for comments by the public in Singapore and should not be used for making any investment decision. The indicative Offering Price range per Unit in the Global Offering as stated in the Preliminary Prospectus is between USD0.91 per Unit and USD1.08 per Unit. It is expected that there will be a total of 8,708,888,000 Units in issue immediately upon the listing of the Units on the Main Board of the SGX-ST. If the Global Offering proceeds and it does so at an Offering Price which is within the indicative Offering Price range, the market capitalisation of HPH Trust calculated by reference to such indicative Offering Price range will, upon completion of the Global Offering, be between approximately USD7.93 billion and USD9.41 billion. Separate from the Global Offering, a number of cornerstone investors have entered into respective conditional cornerstone subscription agreements with the Trustee-Manager to subscribe for such number of Units at the Offering Price for an aggregate subscription amount equal to USD1.62 billion. Full Article
Hutchison Whampoa Limited's Hutchison Port Seeks USD3 Billion Loan Ahead Of USD6 Billion Singapore IPO-DJ
Dow Jones reported that according to a person familiar with the situation, Hutchison Port Holdings Trust, a unit of Hutchison Whampoa Limited is seeking a USD3 billion three year loan ahead of its initial public offering (IPO) in Singapore in March that will raise around USD6 billion. The company invited around 10 banks to participate in the loan, which it will use for working capital and to repay debt and shareholders' loans. The IPO joint book runners of the deal are DBS Bank Ltd., Deutsche Bank AG and Goldman Sachs Group Inc. Full Article
Hutchison Whampoa Limited Expects To Remain Controlling Shareholder Of Port Assets Being Spun Off-DJ
Dow Jones reported that Hutchison Whampoa Limited plans to remain the controlling shareholder of its southern China port operations after a proposed Singapore spinoff. Hutchison, said earlier on Tuesday that it is planning an initial public offering in Singapore of its port assets in the form of a business trust. The assets being listed will continue to be a major part of the company's global port business. Listing as a trust will give the Company more financing flexibility while enabling it to retain control of the assets. Hutchison said it hopes to keep a stake of around 25% after the trust is listed. Full Article
Hutchison Whampoa Limited Announces Proposed Spin-off And Separate Listing Of Hutchison Port Holdings Trust On Main Board Of Singapore Exchange Securities Trading Limited
Hutchison Whampoa Limited announced that on January 17, ,2011, Hutchison Port Holdings Management Pte. Limited, a wholly owned subsidiary of the Company, made, through its appointed joint bookrunners and joint issue managers, DBS Bank Ltd., Deutsche Bank AG, Singapore Branch and Goldman Sachs (Singapore) Pte., an application to list on the Main Board of Singapore Exchange Securities Trading Limited all units of a business trust to be established as Hutchison Port Holdings Trust which are in issue and to be issued under the Global Offering further described below. As the proposed separate listing of HPH Trust will constitute a spin-off for the Company under Practice Note 15 of the Listing Rules, a formal application to the Hong Kong Stock Exchange for its approval of the Proposed Transaction was submitted on January 14, 2011. The Company will remain a significant unitholder of HPH Trust following completion of the Proposed Transaction and HPH Trust will have access to all commercial, operational management, IT, procurement and other resources and synergies enjoyed by companies within HPH and the Group. Full Article
Hutchison Whampoa Limited Buys Stake In Port Assets-Reuters
Reuters reported that Hutchison Whampoa Limited boosted its stake in Shenzhen and Hong Kong container ports. Hutchison had agreed to buy port and property assets from partner China Resources (Holdings) Co Ltd, parent of China Resources Enterprise, Limited, for HKD5.7 billion ($732 million). Full Article
Hutchison Whampoa Ltd. To Buy Site In Chongqing For CNY1.31 Billion-DJ
Dow Jones reported that Hutchison Whampoa Ltd. said it will complete a deal to buy a plot of land in southwestern China's Chongqing municipality for CNY1.31 billion (USD197.6 million) on Thursday. Hutchison Whampoa Ltd. said in a statement the plot of land in Chongqing's New Northern district was offered in an auction and has a gross area of approximately 132,471 square meters. Full Article
Hutchison Whampoa Ltd. To Buy 2 Sites With Cheung Kong In Dalian-DJ
Dow Jones reported that Hutchison Whampoa Ltd. said it successfully bid a total of CNY1.27 billion for two plots of land in Dalian, Liaoning province, with Cheung Kong Holdings Ltd. Hutchison Whampoa Ltd. said in a statement the two plots of land in Wolong Bay, Dalian city, have a combined gross area of approximately 319,359 square meters, which it will develop into commercial and residential properties. It said it expects to complete the acquisitions Friday. Full Article
Hutchison Whampoa Limited Up After Directors Buy Shares-Reuters
Reuters reported that shares of Hutchison Whampoa Limited jumped to two year high after the Company's Directors bought shares. Group Managing Director Canning Fok bought about 1 million shares at an average HKD56.75 each on August 6, a day after the Company announced forecast beating results, according to a Hong Kong stock exchange filing. Director Frank Sixt bought 150,000 shares at HKD54 on the same day. Full Article
Hutchison in talks buy back control of Partner Comm
TEL AVIV, June 3 - Hutchison Whampoa of Hong Kong is in advanced talks to acquire control of Scailex , the parent company of Israeli mobile phone operator Partner Communications .
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
