Independent journal on economy and transport policy
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The initial public offer of Hutchison Port Holdings Trust could yield 5,8 billion dollars
It would be a Hypo record for the securities market of Singapore. Introduced the rough draft of informative prospect
February 28, 2011
Today the Hutchison Whampoa group di Hong Kong has deposited near the Monetary Authority of Singapore (MAS) the relative rough draft of informative prospect to the initial public offer of Hutchison Port Holdings Trust (HPH Trust) to the Stock exchange of Singapore. HPH Trust constitutes the spin-off of the terminalistico-harbour activities in China and Hong Kong operated by Hutchison Port Holdings (HPH), branch of the Hutchison Whampoa group ( on 18 January 2011).
The previewed price of offer is of 0,91-1,08 dollars for a number of actions of 3,62-3,90 million unit, for a value until 4,2 billion dollars. Hutchison Whampoa previews the emission of 8.708.888.000 sets in action at the moment of the HPH quotation Trust in the main list of the Stock exchange of Singapore and, if the offer will have happened, the capitalization of HPH market Trust will be comprised between 7,93 and 9,41 billion dollars.
Hutchison Whampoa has announced that, separately from the offer, some cornerstone investors they have agreed the subscription of actions of HPH Trust for a value pairs to other 1,62 billion dollars. These primary investor are Ally Holding Ltd. , Capital Research and Managemento Co., Cathy Life Insurance Co. Ltd., Lone Pine Capital LLC, Metropolitan Financial Services Ltd., Paulson & Co. Inc. Sacrest FIR Incorporated and Aranda Investments Pte. Ltd. This last one, that it will sign actions for 100 million dollars, is controlled by the group Temasek Holdings of Singapore, than in its turn it possesses the entire capital stock of PSA International, one of the main terminalisti groups of the world. On the base of the offer price, the cornerstone investors they will stop about the 17,2-20,4% of the issued shares with the debut of HPH in the main list.
Therefore the sale could yield until a total of beyond 5,8 billion dollars, figure that would return the Hypo at the market more never consisting carried out share of Singapore.
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Today the Hutchison Whampoa group di Hong Kong has deposited near the Monetary Authority of Singapore (MAS) the relative rough draft of informative prospect to the initial public offer of Hutchison Port Holdings Trust (HPH Trust) to the Stock exchange of Singapore. HPH Trust constitutes the spin-off of the terminalistico-harbour activities in China and Hong Kong operated by Hutchison Port Holdings (HPH), branch of the Hutchison Whampoa group 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
