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HPH Trust flags DPU impact from debt payment plan

Hong Kong port operator to reduce debt by HK$1 billion annually for five years

Singapore

PORT operator Hutchison Port Holdings (HPH) Trust's plan to pay down HK$1 billion (S$179 million) of debt annually for five years starting this year will take a significant chunk out of its distributions per unit (DPU), said Gerry Yim, chief executive officer of Hutchison Port Holdings Management, the trustee-manager.

Mr Yim expects shipping lines to do "a lot better" this year compared with last year and that the trust could benefit from that. And though shipping line mergers are likely...

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