April 20, 2017 / 2:31 PM / in 3 months

BRIEF-Wharf updates on i-CABLE proposes to raise about hk$704 mln by an open offer

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April 20 (Reuters) - Wharf Holdings Ltd

* Wharf, through controlling shareholder, is interested in 1.49 billion shares, represent approximately 73.8% of issued share capital of i-CABLE

* Connection with open offer, Wharf has provided certain undertakings in favour of i-CABLE & underwriter

* i-CABLE proposes to raise approximately hk$704 million, before expenses, by an open offer

* Wharf currently intends to effect initial distribution in specie as soon as practicable after latest time for termination Source (bit.ly/2oTSt7V) Further company coverage:

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