HONG KONG: Hutchison Telecommunications Hong Kong Holdings Ltd shares jumped almost 15%, a day after it announced the sale of its fixed-line business for about US$1.9bil.
Hutchison Telecom, a unit of Hong Kong’s richest man Li Ka-Shing’s CK Hutchison Holdings, said in a filing on Sunday that it had agreed to sell its fixed-line telecoms business to I Squared Capital for HK$14.5 billion in cash.
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