Ben
21st April 2005, 12:18 PM
http://www.iii.co.uk/news/?type=afxnews&articleid=5273115&subject=markets&action=article
Vincenzo Novari, chief executive of Hutchison Whampoa's mobile phone unit H3G
Italia, said yesterday that the company plans to float 20-25 pct of the company
on the Milan stock exchange by end-November this year.
But I believe that Hutchison's plan to spin off its 3G Italian operations will
likely have a positive impact on its stock price and the group's net asset value
(NAV) because the holding company will likely book an extraordinary profit from
the spin-off," he added.
Extraordinary profit eh! Looks like they've got it all figured out...
Vincenzo Novari, chief executive of Hutchison Whampoa's mobile phone unit H3G
Italia, said yesterday that the company plans to float 20-25 pct of the company
on the Milan stock exchange by end-November this year.
But I believe that Hutchison's plan to spin off its 3G Italian operations will
likely have a positive impact on its stock price and the group's net asset value
(NAV) because the holding company will likely book an extraordinary profit from
the spin-off," he added.
Extraordinary profit eh! Looks like they've got it all figured out...