Freedom Holdings eyes Hong Kong’s dim sum bond market to fund Kazakh optic-fibre project

Quick Summary:

The company’s telecoms unit Freedom Telecom plans to spend 107 billion tenge (US$236 million) until the end of 2027 on two projects in Kazakhstan.

An undated photograph of Timur Turlov, the founder and chief executive officer of Freedom Holdings.

One of Kazakhstan’s biggest privately owned conglomerates is looking to Hong Kong’s capital market to finance a multimillion dollar infrastructure project by its telecoms unit, underscoring the city’s growing status as a fundraising hub for the Belt and Road Initiative (BRI).

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Article Details

Author / Journalist: Jiaxing Li

Category: Business

Markets: Hong KongChinaKazakhstan

Topics: Holdings Kong Financial Tenge Freedom Unit Capital Hong Telecoms So-called Company’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 08:30:16 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 235 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 47 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22464381

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