HTA 0.00% 12.0¢ hutchison telecommunications (australia) limited

leanrose - staying or exiting?

  1. 4,941 Posts.
    lightbulb Created with Sketch. 147
    Interesting little announcement by Hutchison.

    This suggests that Hutchison Whampoa has assisted Leanrose in some way to finance its current /continuing shareholding in HTA.

    Prior to this announcement, Hutchison Whampoa held 392,353,358 shares (or 57.8%) in HTA, and
    Leanrose held 84,958,747 shares (or 12.52%).

    What this means for the future, remains to be seen. But, with Hutchison Whampoa also holding 906,206,358 convertible notes (ie: >99%), that will take them to ~87% (just shy of the 90% compulsory acquisition threshold, upon conversion). Add to this the 2% creep allowed for, and very quickly you could find Hutchison Whampoa moving to take out all minority interests in a compulsory acquisition exercise (with no takeover premium).


    HOMEX - Sydney

    Hutchinson Communications (Australia) Pty Ltd increased its relevant
    interest in Hutchison Telecommunications (Australia) Limited on
    15/05/2003, from 392,353,358 ordinary shares (57.8%) to 477,312,105
    ordinary shares (70.34%).
watchlist Created with Sketch. Add HTA (ASX) to my watchlist
(20min delay)
Mkt cap ! $1.628B
Open High Low Value Volume
12.0¢ 12.0¢ 12.0¢ $900 7.5K

Buyers (Bids)

No. Vol. Price($)
5 300214 12.0¢

Sellers (Offers)

Price($) Vol. No.
13.0¢ 147545 6
View Market Depth
Last trade - 10.34am 21/04/2021 (20 minute delay) ?
0.000 ( 4.00 %)
Open High Low Volume
12.0¢ 12.0¢ 12.0¢ 4000
Last updated 10.37am 21/04/2021 (live) ?
HTA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.