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<IPO>CKH Intends to Spin Off Global Telecom Biz for London & HK Listings as Early as 3Q: Report
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CKH HOLDINGS (00001.HK) is considering spinning off its global telecom business as early as 3Q for listings in London and Hong Kong, Reuters reported, citing sources. Goldman Sachs, Citi, and Deutsche Bank are collaborating with it on the spin-off listing. It is understood that CKH HOLDINGS is thinking about selecting London as the primary listing venue and Hong Kong as the secondary venue. These businesses could be valued at around USD20 billion, and the global telecom business is expected to be quickly included in the FTSE 100 Index following its listing. AAStocks Financial News |
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