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PROPOSED SPIN-OFF AND SEPARATE LISTING OF HUTCHISON PORT HOLDINGS TRUST ON THE MAIN BOARD OF SINGAPORE EXCHANGE SECURITIES TRADING
http://info.sgx.com/webcoranncatth.nsf/V...C000538E0/$file/E-Spin-off_revised_.pdf?openelement
This is pretty unexpected. A port business trust hmm. Wonder how will this impact local port operators like Portek !
It is proposed that the HPH Trust Initial Business Portfolio will comprise the Group’s entire
effective interests in the deep-water container ports in Hong Kong and the Guangdong province
of the PRC, the Group’s entire effective interests in its port ancillary interests in the same
geographical area as well as the Group’s entire economic benefits in certain river ports in the
PRC. Specifically, the HPH Trust Initial Business Portfolio consists of the Group’s entire
interests in:
• HIT, the owner and operator of Terminals 4, 6, 7 and two berths in Terminal 9 at
Kwai Tsing, Hong Kong;
• COSCO-HIT, the owner and operator of Terminal 8 East at Kwai Tsing, Hong Kong;
• YICT, the operator of Yantian International Container Terminals Phases I and II at Yantian
district, Shenzhen, in the Guangdong Province of the PRC;
• YICTP3, the operator of Yantian International Container Terminals Phase III and
its expansion project, which is being developed;
• SYWPT, the operator of Shenzhen Yantian West Port Terminals Phase I and Shenzhen
Yantian West Port Terminals Phase II which is being developed;
• the economic benefits in the river ports in Nanhai, Jiangmen and Jiuzhou in Zhuhai,
the PRC (together the “River Portsâ€), which serve predominantly as feeder ports to the
deep-water facilities referred to above and hence are complementary to the operation of
these deep-water ports;
• APS, which is mainly engaged in providing port ancillary services to shipping lines and
other customers and which operates the mid-stream business in Hong Kong. APS also
offers empty container storage, container repair and feeder services between ports in Hong
Kong and the Pearl River Delta in southern China;
• SHICD, which operates an inland container depot and warehouse and provides value-added
warehousing and distribution services; and
• Hutchison Logistics, which provides supply chain solutions logistic services.
Measured by throughput, and considering Hong Kong and Shenzhen as one market by virtue of
their geographical proximity, in 2009, Hong Kong and Shenzhen were the world’s busiest
container port market and trading hub with a total throughput of approximately 39.2 million
TEU. The Group’s deep-water container ports in the HPH Trust Initial Business Portfolio are
the market leaders by throughput in Kwai Tsing Port in Hong Kong and Shenzhen Port of the
PRC, with market shares of approximately 60% and 47% in 2009, respectively.
http://info.sgx.com/webcoranncatth.nsf/V...C000538E0/$file/E-Spin-off_revised_.pdf?openelement
This is pretty unexpected. A port business trust hmm. Wonder how will this impact local port operators like Portek !
It is proposed that the HPH Trust Initial Business Portfolio will comprise the Group’s entire
effective interests in the deep-water container ports in Hong Kong and the Guangdong province
of the PRC, the Group’s entire effective interests in its port ancillary interests in the same
geographical area as well as the Group’s entire economic benefits in certain river ports in the
PRC. Specifically, the HPH Trust Initial Business Portfolio consists of the Group’s entire
interests in:
• HIT, the owner and operator of Terminals 4, 6, 7 and two berths in Terminal 9 at
Kwai Tsing, Hong Kong;
• COSCO-HIT, the owner and operator of Terminal 8 East at Kwai Tsing, Hong Kong;
• YICT, the operator of Yantian International Container Terminals Phases I and II at Yantian
district, Shenzhen, in the Guangdong Province of the PRC;
• YICTP3, the operator of Yantian International Container Terminals Phase III and
its expansion project, which is being developed;
• SYWPT, the operator of Shenzhen Yantian West Port Terminals Phase I and Shenzhen
Yantian West Port Terminals Phase II which is being developed;
• the economic benefits in the river ports in Nanhai, Jiangmen and Jiuzhou in Zhuhai,
the PRC (together the “River Portsâ€), which serve predominantly as feeder ports to the
deep-water facilities referred to above and hence are complementary to the operation of
these deep-water ports;
• APS, which is mainly engaged in providing port ancillary services to shipping lines and
other customers and which operates the mid-stream business in Hong Kong. APS also
offers empty container storage, container repair and feeder services between ports in Hong
Kong and the Pearl River Delta in southern China;
• SHICD, which operates an inland container depot and warehouse and provides value-added
warehousing and distribution services; and
• Hutchison Logistics, which provides supply chain solutions logistic services.
Measured by throughput, and considering Hong Kong and Shenzhen as one market by virtue of
their geographical proximity, in 2009, Hong Kong and Shenzhen were the world’s busiest
container port market and trading hub with a total throughput of approximately 39.2 million
TEU. The Group’s deep-water container ports in the HPH Trust Initial Business Portfolio are
the market leaders by throughput in Kwai Tsing Port in Hong Kong and Shenzhen Port of the
PRC, with market shares of approximately 60% and 47% in 2009, respectively.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
