Hutchison Telecom confirms, details spinoffs

03/4/2009 | Wall Street Journal, The · Reuters

Hutchison Telecommunications confirmed today that it will spin off its mobile and fixed-line units in Hong Kong and Macau and has applied to list them separately to "unlock the value" of the solidly performing companies. The telecom, which reported a 16% gain in revenue for 2008, said it would distribute the new shares as dividends to stockholders.

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Wall Street Journal, The · Reuters

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