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Hudson aims for $75m to help construction projects

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Hudson Holdings hopes to raise $75 million through its flotation on the Stock Exchange of Hong Kong.

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Chairman William Choi Wai-him said the construction firm would issue 75 million shares at an issue price of $1 each.

Shares will be offered for public subscription from today until Friday. Dealing in the shares is expected to start on December 3.

Hudson is mainly engaged in private sector construction, and electrical and mechanical works in the mainland and Hong Kong.

Significant construction projects on hand include the $91.58 million Wuhan Times Square and $185.26 million contract for the Wuhan Hankou Hotel.

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It started property development in 1992 with the Wuhan Plaza, in conjunction with mainland-based Wuhan Department Store Group.

Mr Choi said that the company had achieved stable profits in the past three years.

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