16 years of arbitrage and yellow for sale continental 20 billion P amp;amp; G.docVIP

 PAGE \* MERGEFORMAT 8 16 years of arbitrage and yellow for sale continental 20 billion P amp;amp; G Hutchison Whampoa to further accelerate the integration and sale of the business. May 11, a wholly-owned subsidiary of Hutchison - Hutchison Whampoa (China) and Procter amp;amp; Gamble and its subsidiaries entered into an agreement to sell and yellow held by mainland enterprises Procter amp;amp; Gamble - Hutchison Co., Ltd. The remaining 20% stake. Hutchison said in a public notice, the 20% stake would be priced more than 2 billion U.S. dollars in cash (about 15.6 billion Hong Kong dollars), after the completion of the sale, and the yellow will achieve 13.7 billion dollar profits. The transaction will be completed in June 2004 to pay. Hong Kong investment bank generally agreed that, due to Hutchison Whampoa has invested heavily in 3G operations, resulting in a huge loss, as well as future funding for further demand, and yellow cash by selling non-core businesses to subsidize the 3G losses. However, Hutchison categorically denied that such a view. Zhang as its press spokesman, told reporters: ‘to sell P amp;amp; G has nothing to do with 3G, Hutchison has sufficient funds to operate 3G, both options are now trading just think the timing is currently more appropriate. ‘ 16 years of investment in Procter amp;amp; Gamble profit super 20 billion Hong Kong dollars P amp;amp; G China’s Public Affairs Manager Zhang for the reporters about the background of the deal: As early as 1988, and the Yellow and Procter amp;amp; Gamble Procter amp;amp; Gamble was established in mainland China - and Hutchison Ltd., Hutchison Whampoa holds a 31% stake in P amp;amp; G holders there is another 69%. In 1997, and the Yellow and Procter amp;amp; Gamble to the original agreement was amended, and the yellow to sell Procter amp;amp; Gamble - 10% interest in Hutchison to the Procter amp;amp; Gamble, both the proportion of equity held by Procter amp;amp; Gamble Procter amp;amp; Gamble ch