Hutchison Whampoa

Corrections & clarifications

PUBLISHED : Friday, 25 June, 2004, 12:00am
UPDATED : Friday, 25 June, 2004, 12:00am

Due to an editing error, a B2 article on direct marketing in China published yesterday misrepresented the gender of a senior Chinese leader. Our apologies to Madam Wu Yi (picture).

The reported book value of Kowloon-Canton Railway Corp was $59.72 billion at the end of last year and Bear Stearns estimates its net present value to be $29.45 billion. This was misstated in a B2 report on Tuesday.

A recent Moody's Investors Service report on Hutchison Whampoa did not state that its third-generation mobile business may fail to break even on an operational basis by next year as cited in a B2 report on Tuesday. The agency said Hutchison would face downward pressure on its credit rating if such a situation developed.