The world's biggest container-terminal operator, Hutchison Whampoa Ltd., says it will spin off its deep-water port holdings in Hong Kong and southern China, creating a new offering on the Singapore stock exchange.
The sale could become Singapore's largest-ever initial public offering, with analysts predicting it will raise as much as $6 billion.
Hutchison Whampoa will retain a 25 percent stake in the subsidiary, which will be named Hutchison Port Holdings Trust. The money raised from the sale will help the parent company reduce its debt.
The new subsidiary will operate ports in Hong Kong and the nearby Chinese province of Guangdong. Analysts say Hutchison Whampoa is creating the trust to take advantage of China's new push to boost domestic spending, which is likely to increase imports to the world's second-largest economy.
世界上最大的集装箱码头经营商“跟记黄埔有限公司”说，它将分拆公司在香港和华南的深水港码头资产，成破一个新公司在新加坡证券交易所上市。
此次发售可能成为新加坡有史以来最大一次首次公然募股。分析人士预计它会筹集高达60亿美元的资金。
和记黄埔将持有分公司25%的股份。新的公司将被命名为和记港口控股信托公司。从这次发售股份交易中筹集的资金将辅助母公司减少其债权。
新的子公司将负责经营香港以及邻近中国广东省的港口业务。剖析人士说，和记黄埔成立这家信托公司是为了应用中国鼎力推进增长海内花费的最新尽力。此举可能增添中国这个世界上第二大经济体的入口。
