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

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 (

Further company coverage: