Hong Kong Electric spin-off sets lure on returns

Power Assets, an international utilities firm controlled by Asia's richest man, Li Ka-shing, plans to spin off its Hong Kong electricity unit at a valuation of HK$48 billion to HK$63.4 billion via the establishment of a trust firm that will offer potential investors a 5.5 per cent to 7.3 per cent annual return in the first year.

via Business feed http://www.scmp.com/business/companies/article/1381491/hong-kong-electric-spin-sets-lure-returns