Hutchison Telecom (HTX) Shareholders OK Move to Privatise
Hutchison Whampoa Limited and Hutchison Telecommunications International Limited (NYSE: HTX) today jointly announced that the independent HTIL shareholders have approved the proposal to privatise HTIL put forward by the HWL group (the "Scheme"). The effectiveness of the proposal is subject to fulfilment of the remaining conditions including obtaining sanction from the Grand Court of the Cayman Islands.
Subject to the Scheme becoming effective, the last day for dealing in the HTIL shares on the Stock Exchange of Hong Kong ("SEHK") is 17 May 2010 and the halt of trading in the HTIL ADSs on the New York Stock Exchange ("NYSE") is 17 May 2010 (New York Time). HTIL's securities are expected to be delisted from the SEHK on 25 May 2010 and from the NYSE on 4 June 2010 (New York time).
Subject to the Scheme becoming effective, the last day for dealing in the HTIL shares on the Stock Exchange of Hong Kong ("SEHK") is 17 May 2010 and the halt of trading in the HTIL ADSs on the New York Stock Exchange ("NYSE") is 17 May 2010 (New York Time). HTIL's securities are expected to be delisted from the SEHK on 25 May 2010 and from the NYSE on 4 June 2010 (New York time).
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