Hutchison Whampoa and Cheung Kong, billionaire Li Ka-shing's Hong Kong flagships, are to pocket $2.7bn after a telecommunications unit yesterday announced a hefty special dividend due to “the lack of suitable investment opportunities”.
Hutchison Telecommunications International (HTIL), which sold its Indian arm to Vodafone for $10.9bn in 2007, said it would pay shareholders a cash dividend of HK$33.7bn ($4.35bn), or HK$7 per share, next month.
HTIL last year booked a $8.9bn profit from the sale of Hutchison Essar. After paying a special dividend of $4.1bn last June, it retained the rest for acquisitions in other emerging markets.
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