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31-03-2013, 11:09 AM
Email the ir officer, reply is typical and insincere: below is my question and their reply
Dear sir / madm
There is news that workers from your Hong Kong port is on strike.
As a shareholder, I am concerned that there is no official updates from the company to SGX. What are the impact on operations? And how are things coming along??
Also, I was rather concerned about the lack of transparency in terms of the announcement of the acquisitions of ACT, as there is no pro forma representation of the impact of acquisition and the estimated impact on yield.
Taken together, it seems that company are not concerned with updating the public or shareholders on material information about the company.
Regards,
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Thank you for your interests in HPH Trust. As ACT was not a substantial acquisition, the announcement on 7 March 2013 has already provided unitholders with management's view that the deal will be accretive to unitholders from a yield perspective. Management will further discuss prospects of ACT at our next results announcement which will be at around early May 2013.
As for the recent demonstration at the HK terminal, operations at HIT are continuing at this time, although truck traffic within the terminal is slightly affected. Management is focused on addressing the situation and will make announcement on any development as appropriate.
Kind regards
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Dear sir / madm
There is news that workers from your Hong Kong port is on strike.
As a shareholder, I am concerned that there is no official updates from the company to SGX. What are the impact on operations? And how are things coming along??
Also, I was rather concerned about the lack of transparency in terms of the announcement of the acquisitions of ACT, as there is no pro forma representation of the impact of acquisition and the estimated impact on yield.
Taken together, it seems that company are not concerned with updating the public or shareholders on material information about the company.
Regards,
----
Thank you for your interests in HPH Trust. As ACT was not a substantial acquisition, the announcement on 7 March 2013 has already provided unitholders with management's view that the deal will be accretive to unitholders from a yield perspective. Management will further discuss prospects of ACT at our next results announcement which will be at around early May 2013.
As for the recent demonstration at the HK terminal, operations at HIT are continuing at this time, although truck traffic within the terminal is slightly affected. Management is focused on addressing the situation and will make announcement on any development as appropriate.
Kind regards
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