Capital Research will invest US$634 million in the offering, according to the term sheet. Paulson & Co., managed by John Paulson, will buy a US$350 million stake and Lone Pine Capital LCC will invest US$186 million, it said.
Jenkin Hui and family, Singapore’s Temasek Holdings, Cathay Life Insurance Co. and Metropolitan Financial Services will each invest US$100 million, and Ally Holding Ltd. will buy a US$50 million stake.
Hutchison rose 1.6% to HK$91.45 ($14.9) at 3:02 p.m. in Hong Kong trading. The company, which also invests in real estate, oil and gas, drugstores and mobile-phone services, has jumped 15% this year, outperforming the benchmark Hang Seng Index’s 1.4% gain.
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