Morningstar - Wharf (Holdings) Ltd. (00004) Wharf Demerger Proceeds with Opportunity of Privatization

Report

Morningstar

Phillip Zhong

EUR 101.80 For Business Accounts Only

Wharf Demerger Proceeds with Opportunity of Privatization

Wharf announced that it has received the stock exchange approval for the proposed real estate investment company, or REIC, spin-off of its investment properties in Hong Kong. The proposal calls for a distribution of a special interim dividend, where Wharf shareholders will receive one Wharf REIC share for one Wharf share held. After the distribution, Wharf REIC will be completely separate from Wharf, and becomes a 62%-owned subsidiary of Wheelock. After the spin-off, Wharf REIC will be engaged i...

05/09/2017 13 EN

Underlying

Wharf (Holdings) Ltd.

Wharf is an investment holding company. Co. operates in five segemnts: investment property, which includes property leasing operations consisting of retail, office and serviced apartments; development property, which encompasses activities relating to the acquisition, development, design, construction, sale and marketing of Co.'s trading properties; hotels, which includes hotel operations in the Asia Pacific region; logistics, which includes the container terminal operations in Hong Kong and Mainland China; and media and entertainment, which comprises pay television, internet and multimedia and other businesses and the telecommunication businesses.

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HK0004000045 Hong Kong Stock Exchange Hong Kong

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Phillip Zhong

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Wharf Demerger Proceeds with Opportunity of Privatization

Wharf(Holdings) Ltd: 1 director

With a more favourable environment, WHARF HOLDINGS improves to Positive

Regional Morning Notes - Tuesday, January 25, 2022

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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