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Hopewell chairman to take developer private for US$2.7b


Gordon Wu aims to take Hopewell Holdings Ltd private. File pic SCMP

Gordon Wu aims to take Hopewell Holdings Ltd private. File pic SCMP

SYDNEY: The family of Hopewell Holdings Ltd. Chairman Gordon Wu aims to take the Hong Kong developer private for HK$21.3 billion ($2.7 billion).

The bidding group is offering HK$38.80 per share, 47 percent more than the last trading price, the firm told Hong Kong’s stock exchange late Wednesday. The stock will resume trading Thursday.

Corporate News , Property

   

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