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To: CookiePuss who wrote (1480)4/10/2000 10:57:00 PM
From: puborectalis  Read Replies (1) | Respond to of 4187
 
Hutchison, ICG to Announce Internet Venture Today, HKET Says
4/10/00 6:06:00 PM
Source: Bloomberg News

Hong Kong, April 11 (Bloomberg) -- Hutchison Whampoa Ltd., Hong Kong's biggest conglomerate,
may announce today details of its new online procurement Web portal jointly established with
Internet Capital Group Inc., which invests in companies that help businesses exchange goods and
services online, the Hong Kong Economic Times reported, citing unnamed people. Hutchison and
Cheung Kong (Holdings) Ltd., which owned a combined 65 percent stake in the portal, may sell 13
percent to a strategic investor, probably HSBC Holdings Plc., the paper said.

Hutchison said last month that the three companies will invest $25
million in the portal this year