MTR privatisation an all-round hit

International investors are facing a massive scale back in allocations after the one billion share offering for Hong Kong''s MTR Corp closed hugely oversubscribed yesterday (Thursday).

Jackie Horne

September 28, 2000

The Hong Kong government and global co-ordinators Goldman Sachs, HSBC and UBS Warburg have been presented with an allocation nightmare this weekend, as they try to divide up a roughly $16 billion order book for a $1.21 billion deal, at the top end of its indicative range.

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