AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
China: Fitch Says Hutchison's Spin-off of Ports Business to Accelerate Deleveraging.
Section: Rating - Fitch Ratings said today (January 18, 2011) that Hutchison Whampoa Limited's (Hutchison, 'A-'/Stable/'F2') planned spin-off of its ports business in China's Pearl River Delta will likely lower its financial leverage but will not immediately affect its ratings.
Hutchison announced today that it plans to list its holdings of ports assets in Hong Kong and Guangdong province via a business trust on the Singapore Exchange. Hutchison plans to retain an approximate 25% stake in the trust post listing.
"Although the company has not provided details on the value of the transaction, Fitch believes that it will generate significant one-time cash inflow for …
-
- ROUNDUP Hong Kong's Hutchison H1 net profit doubles; sees 3G EBIT breakeven...
-
News wire article from: Europe Intelligence Wire
August 24, 2006
700+ words
-
- Hutchison stake buy stuns PSA rivals.
-
News wire article from: Europe Intelligence Wire
April 24, 2006
700+ words
-
- Credit rating downgrades hurt UK port group Hutchison Westports.
-
News wire article from: Europe Intelligence Wire
June 13, 2003
700+ words
-
- Hong Kong's Hutchison Whampoa expects 3G losses to narrow further this yr...
-
News wire article from: Europe Intelligence Wire
March 22, 2007
700+ words
-
- PSA and Hutchison deal offers new learning curve.
-
News wire article from: Europe Intelligence Wire
May 11, 2006
700+ words
