South China Morning Post
AsiaPac · 1 hrs ago
✦ 78◉ Centre
‘Art of the deal’: UK telecoms exit fits Li family’s trademark timing for selling at top
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◉ Centre ✓ Fair headline
CK Hutchison Holdings announced plans to sell its 49% stake in VodafoneThree for $5.8 billion, with investors viewing this as evidence of the Li family's strategic timing in exiting the UK mobile market at a market peak.
‘Art of the deal’: UK telecoms exit fits Li family’s trademark timing for selling at top
CK Hutchison Holdings’ shares climbed to their highest level since 2020 after the conglomerate announced plans to exit the UK mobile market, signalling that investors believe the Li family may once again have timed an industry peak before the broader market.
Shares rose about 12 per cent to HK$73.30 on Monday from the May 5 close, after the company said it would sell its 49 per cent stake in VodafoneThree for US$5.8 billion. CK Hutchison said the disposal was expected to generate a gain of about
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