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Power Assets Holdings Ltd

Hongkong Electric Company Ltd.

Hong Kong business magnate Li Ka-Shing's utility trust to raise $5.7 billion in IPO

Power Assets Holdings Ltd. will spin off its subsidiary Hongkong Electric Company Ltd. to HK Electric Investments, a single-investment trust. Power Assets was said to be aiming for a HK Electric Investments listing early next year to raise $5.7 billion.

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