financetom
Technology
financetom
/
Technology
/
Hong Kong's CK Hutchison says no decision made on telco spin off
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Hong Kong's CK Hutchison says no decision made on telco spin off
Mar 30, 2025 6:32 PM

HONG KONG (Reuters) - The board of Hong Kong conglomerate CK Hutchison ( CKHUF ) said on Monday it has not made any decision on its global telecommunications business, in response to media reports about a potential spin-off listing of the assets.

"From time to time, the Group receives proposals and explores and evaluates opportunities that may be available, with a view to enhancing long term value to shareholders, including possible transactions relating to the assets and operations of the company's global telecommunication businesses," the board said in a stock exchange filing.

A spin-off listing would be among those options, according to the filing.

The board said no decision has been made about any transaction and there is no certainty a transaction will take place.

Reuters reported on Friday, citing sources, the company is mulling a spin-off of global telecom assets and would list the business on the London stock exchange.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Dutch prime minister promises action to help tech startups thrive
Dutch prime minister promises action to help tech startups thrive
Feb 12, 2025
THE HAGUE, Netherlands, Feb 12 - Dutch Prime Minister Dick Schoof said his government was seeking to boost the country's technical startups and lure venture capital, after industry research on Wednesday showed the sector was flagging. As a leader in chip equipment and home to the world's biggest chip equipment maker ASML, the Netherlands' economy is reliant on related startups...
Dutch prime minister promises action to help tech startups thrive
Dutch prime minister promises action to help tech startups thrive
Feb 12, 2025
THE HAGUE, Netherlands - Dutch Prime Minister Dick Schoof said his government was seeking to boost the country's technical startups and lure venture capital, after industry research on Wednesday showed the sector was flagging. As a leader in chip equipment and home to the world's biggest chip equipment maker ASML, the Netherlands' economy is reliant on related startups for future...
What Analysts Are Saying About Freshworks Stock
What Analysts Are Saying About Freshworks Stock
Feb 12, 2025
9 analysts have expressed a variety of opinions on Freshworks ( FRSH ) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish...
Companies warn of more pain as Trump tariff threats escalate
Companies warn of more pain as Trump tariff threats escalate
Feb 12, 2025
* EU trade ministers meeting later on Wednesday to decide response to US tariffs * Siemens Energy will pass on extra costs of tariffs * Supermarket chain Ahold warns food prices will go up * Steelmakers worry about flood of imports into EU * Trump tariffs dominate Q4 earnings By Christoph Steitz, Alban Kacher and Helen Reid FRANKFURT/GDANSK/LONDON, Feb 12...
Copyright 2023-2026 - www.financetom.com All Rights Reserved