NEWS Hutchison Whampoa is to buy out stakes held by its partner Asia Global Crossing, mainly in their own joint ventures. Hutchison will take over 50 per cent stakes in Hong Kong fixed-line business Hutchison Global Crossing and also internet data centre Hutchison GlobalCentre. It will also buy out a 42.5 per cent stake in ecommerce firm ESD services. Hutchison's move follow the bankruptcy of its partner's US parent Global Crossing.
Global Crossing crisis hits Asian arm
It's almost time to sell off the kitchen sink and check down the back of the sofa for cash...
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