Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, announced on 17 January plans to list its new entity, Port Holdings Trust. The initial public offering could be Singapore’s biggest ever and add significantly to the fortunes of Hong Kong’s wealthiest man.
The world’s largest container-terminal operator plans to list its deep-water port holdings in Hong Kong and southern China, while still retaining a 25% stake in the trust that currently owns the terminals.
