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Sunday, February 27, 2011

Hutchison ports' unit sets indicative price for huge Singapore IPO

Reuters, 28 Feb 2011Feb 28 (Reuters) - Hutchison Whampoa's ports unit has set an indicative price of $0.91 to $1.08 per unit in a Singapore listing, aiming to raise $4.2 billion in addition to cornerstone investments, according to its preliminary prospectus. Full storyRelated:Hutchison seeks to raise $5.8bn in Singapore ports IPO - BBC News