Hutchison launches Singapore's largest public offering

Hutchison Port Holdings Trust (HPH Trust) will launched Singapore's largest IPOs in an attempt to raise $5.8bn in gross proceeds. HPH Trust is expected to raise between $4.9-5.8bn based on the offering price range of $0.91-1.08 per unit. The public offer opened on Monday and will close at 10am local time on 14 March. The trust is expected to start trading on the Singapore Exchange on 18 March.


“Following the IPO, we will pursue a strategy of active business and asset management, as well as selective value-enhancing development projects and acquisitions while optimising our overall capital structure,” said Hai Chi Yuet, ceo of the trustee-manager.
(Source:http://www.seatrade-asia.com)