Freshfields Bruckhaus Deringer and Sullivan & Cromwell are advising on this year's first mega IPO in Hong Kong - that of the city's biggest electricity distributor. Power Asset Holdings, owned by Asia's richest man and Hong Kong tycoon Li Ka-Shing, is hoping to raise $3.6bn through a listing of its utility business HK Electric Investments, offering 4.43bn units for up to HK$6.30 per share.
January 16, 2014 at 03:33 AM
1 minute read
The original version of this story was published on Legalweek
Freshfields Bruckhaus Deringer and Sullivan & Cromwell are advising on this year’s first mega IPO in Hong Kong – that of the city’s biggest electricity distributor.
Power Asset Holdings, owned by Asia’s richest man and Hong Kong tycoon Li Ka-Shing, is hoping to raise $3.6bn through a listing of its utility business HK Electric Investments, offering 4.43bn units for up to HK$6.30 per share.
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