Wednesday 23rd June 2010

Dear Reader,

An international story for a change...

Vodafone's potential US$2bn+ claim against Hutch
After selling its Indian business to Vodafone in 2007, HTIL shrank itself by distributing proceeds, as well as its HK business, to shareholders, leaving far less in net tangible assets than the US$2bn+ Indian capital gains tax claim now levied against Vodafone. HTIL was privatised last month. If the tax is upheld, Vodafone may claim it back under an HTIL indemnity. How much is that worth now, and will HWL shareholders carry the can?

Pass it on!
This free newsletter goes to over 19,000 practitioners, issuers, regulators and investors in Hong Kong's markets. If you enjoy it, then please invite a friend to find out what they are missing and subscribe!

Visit our archives, and do your homework before you invest.

Copyright notice
This e-mail and small extracts of any article on the site may be freely quoted in any other publication but ONLY if attribution is given to