Hutchison Whampoa, the Hong Kong ports-to-retail conglomerate controlled by billionaire Li Ka-shing, is considering a possible buy-out offer to take its loss-making telecoms subsidiary private. Hutchison Telecommunications International (HTIL), an emerging markets-focused telecoms group spun off from Hutchison six years ago, has a market value of about $1.02bn. Its shares were suspended from trading on Monday at HK$1.65 each, as HTIL said a bid from Hutchison, its controlling shareholder with a 60% stake, “may be imminent”.

This entry was posted by Gwen Robinson on Tuesday, January 5th, 2010 at 4:55 and is featured in The 6am Cut London (5 Jan 2010) . Tagged with HTIL, hutchison whampoa. Edit this entry.