Independent journal on economy and transport policy
07:35 GMT+1
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Success of the HYPO and disembarkation undertone of HPH to the Stock exchange of Singapore
At the opening decrease of 3.5% of the value of the title regarding the price of the initial public offer
March 18, 2011
Concluded with success the initial public offer that has yielded the attended gross proceeds for 5,45 billion dollars ( on 14 March 2011), today - day of debut of Hutchison Port Holdings Trust (HPH Trust) to the Stock exchange of Singapore - the title of the terminalista society of Hong Kong has opened to 0,975 dollars, in decrease of 3.5% regarding the price of the offer that was of 1,01 dollars. The value of the title, that it is come down until 0,94 dollars, gradually has been attested around 0,95 dollars.
The initial public offer of HPH Trust most important is never realized on the securities markets of the Asian south-east. The total number of actions of issued HPH Trust and in circulation is of 8.708.888.000 units. "This - Canning Fok has commented, chairman of the trustee-manager Hutchison Port Holdings Management Pte. Ltd. and managing director of Hutchison Whampoa, the group to which is under responsibility the terminalista company Hutchison Port Holdings - it is an important milestone for the Hutchison group and we are euphoric in order to have quoted to Singapore the first trust of the harbour field of the container. Through this initial public offer our investor will have the opportunity to participate to the truth of increase of the Pearl River Delta. Thanks to the numerous competitive advantages of our main assets and to the support of our sponsor, Hutchison Port Holdings, we are trusting that the Trust will remain the port of port of call privileged for many years to come".
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