HWL plans IPO of units of Hutchison Port Holdings Trust

HPH Trust is being established as a new publicly-traded entity to hold, operate and develop all of the Hutchison Group’s existing and future deep-water container port businesses in Guangdong Province in Mainland China, Hong Kong and Macau. The initial principal assets of HPH Trust include the Group’s interests in the operators and owners of deep-water container ports in Hong Kong and Yantian.

Announcing the move, HWL Group managing director, Canning Fok, said, “Ports are one of the HWL Group’s five core businesses and HWL will remain a significant unit holder of HPH Trust following the completion of the IPO”.

“This new public vehicle will be an integral part of the Group’s global ports operations going forward and will provide the best on-going structure for operation, development and financing of future growth of its port operations in the Pearl River Delta, which are, of course, cornerstone assets of Hutchison Ports Group,” he added.