Hutchison Port Holdings aims for $5.8bn in Singapore

Hutchison Port Holdings is backed by Singaporean SWF Temasek Holdings and American hedge fund Paulson & Co, and its parent is owned by business magnate Li Ka-shing. According to the company's listing prospectus, Hutchison Port Holdings will offer 3.9 billion shares to institutional investors at $0.91-$1.08 apiece, putting its total earnings between $4.9 billion-$5.8 billion.

According to the South China Morning Post, Temasek is set to inject $100 million into the IPO, the same sum as Taiwan-based Cathay Life Insurance, which is also a key backer of the company. Paulson, meanwhile, will invest $350 million.

The largest-ever listing that SGX has had was SingTel's IPO in 1993, which raised S$4 billion at the time (then $3.1 billion). On its decision to list in Singapore, Hutchison Port released that the regulatory environment is more amenable to trusts, and a Hong Kong listing may be an additional option in the future, pending the regulatory landscape.

Hutchison Port claims 308 berths in 51 ports across 25 countries in Asia, the Middle East, Africa, Europe, the Americas and Australasia.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Southeast Asia
• Real estate
• Temasek Holdings