The offer price set for the IPO of Hutchison Port Holdings (HPH) in the opening today at the Singapore Stock Exchange is U.S. $ 1.01 per share, for a library to a total of 5.45 billion dollars represent the highest placement ever occurred in South-East Asian Nations ( of 18 January and 28 February 2011). The offer of 3,795,549,200 shares to institutional investors and other investors and 1,603,960,800 shares to strategic investors.
According to forecasts, HPH Trust, which was formed last February 25 and is the spin-off of port operations in China and Hong Kong operated by HPH, will make its entrance into the price of the stock market in Singapore on Friday.
With the completion of the offer, Hutchison Whampoa, the parent company of Hutchison Port Holdings, will own approximately 25% stake in HPH Trust.
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