You are here

Cheung Kong to buy out Hutchison in US$24b reorganisation

Hong Kong

CHEUNG Kong Holdings has offered US$24 billion in stock to buy out unit Hutchison Whampoa and will spin off its property assets in the biggest reorganisation of Hong Kong billionaire Li Ka-shing's corporate empire.

Cheung Kong investors will swap their shares in the Hong...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes