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HPH Trust buys stake in Huizhou container terminals from sponsor
US$86m acquisition through 2 subsidiaries leaves the trust with an effective holding of 41.3%
Add BT as a preferred sourcePublished Wed, Dec 28, 2016 · 09:50 PM
Singapore
PORT operator Hutchison Port Holdings (HPH) Trust has agreed to buy a stake in Huizhou International Container Terminals Limited (HICT) from the trust's sponsor for about US$86.26 million.
In a Singapore Exchange filing on Wednesday, HPH Trust said that HICT owns and operates container terminals in the Quanwan port zone of the Daya Bay economic and technological development zone in China's south-eastern Guangdong province.
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