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HPHT turns down offer to buy Shantou port asset

Trustee-manager says the proposal does not fit its investment criteria

Published Fri, Oct 26, 2018 · 09:50 PM

Singapore

THE manager of Hutchison Port Holdings Trust (HPHT) on Friday declined an offer to acquire one port asset after the business trust announced a net profit for its third quarter.

The trustee manager said it has declined an offer from Hutchison Port Holdings (HPH), the operator of the trust's port assets, to acquire a 70 per cent stake in Shantou International Container Terminals (SICT).

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