Hutchison happy with cash reserves

23 Dec 2003

Hong Kong-based industrial and communications conglomerate Hutchison Whampoa has said that last month’s Asian bond sale has left it with enough funds to cover its debt repayments until the end of 2005. The company completed five overseas bond sales during 2003, in the process raising a total of USD9.7 billion to help fund its continued heavy investment in next generation wireless networks across Europe and parts of the Asia-Pacific region.

Hong Kong, CK Hutchison