new
or
You are here : Stone Home > Info Center > Financial News > Proposal to privatize Hutchison Telecom International gets approved

Proposal to privatize Hutchison Telecom International gets approved

Updated:2010-05-24 14:24:29

The proposal to privatize the Cayman-registered Hutchison Telecom International has recently been approved by the Grand Court of the Cayman Islands, Hutchison Telecom International and Hutchison Whampoa said in a joint statement on Monday.

The proposal is expected to become effective on Tuesday when the remaining conditions are expected to be fulfilled, it said.

Upon privatization, Hutchison Telecom International's securities are set to be delisted from the Hong Kong stock exchange on Tuesday and from the New York Stock Exchange on June 4 this year.

In addition, the annual general meeting of Hutchison Telecom International, originally scheduled for Wednesday, will be canceled, according to the statement.

Hutchison Whampoa owns more than 60 percent of Hutchison Telecom International, which provides mobile phone networks and data services in Asia.

Shares of Hutchison Telecom International opened at 1.52 HK dollars (19.5 U.S. cents) on Monday, down 2.6 percent from the previous close. Its market value stood at 7.32 billion HK dollars. (one U.S. dollar equals to 7.8 HK dollars)

 

 

Source:http://news.xinhuanet.com

Premium Related Products
culture wall slate
culture wall slate
Price:Negotiation
Origin:China
Categories:Travertine
Xiamen Stonepal Co.,Ltd.
ChinaChina
China Aqua Rose Slate -14
China Aqua Rose Slate -14
Price:Negotiation
Origin:China
Categories:Quartzite
Xiamen Stonepal Co.,Ltd.
ChinaChina
bathroom washing basin
Price:Negotiation
United StatesUnited States
bathroom washing basin
bathroom washing basin
Price:Negotiation
Origin:China
Categories:Marble
Petoskey Granite
United StatesUnited States
Browse by: Stone Manufacturers | All Products | For Buyers | For Sellers | Suppliers | Stonebtb.com International | Stonebtb.com China | Site Map
About Us | Stonebtb Service | Contact Us | Our Partners | Video | Exchange Link | Terms of Use
Copyright 2007-2020 Stonebtb.com All rights seserced