HPH Suspends Investment Plans

Hutchison Port Holdings (HPH) confirms that, in agreement with Christchurch City Holdings Limited (CCHL), it will not be proceeding with its proposed investment in Lyttelton Port Company Limited (LPC), as CCHL has not been able to privatise LPC on the terms anticipated.

However, HPH remains open to further discussions with CCHL in the event they are able to complete the takeover of LPC on acceptable terms.