Hopewell Holdings, a major Hong Kong infrastructure and property developer, announced a HK$21.26 billion ($2.7 billion) plan to go private.
Southeastern Asset Management, a U.S. fund company headquartered in Memphis, Tenn., that owns 7.99 percent of Hopewell and is the company’s second-largest shareholder, voiced support for the privatization motion.
Southeastern Asset Management is a privately owned, global investment management firm founded in 1975 and the investment adviser to the Longleaf Partners Funds.
