Independent journal on economy and transport policy
13:02 GMT+1
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The terminaliste societies of groups COSCO and Lower Shipping invest in the port of Hong Kong
Acquired respective quotas 40% and 20% of Asia Terminals Container of group HPH Trust
March 13, 2014
The terminalista group Hutchison Port Holdings Trust (HPH Trust), that it is quoted to the Stock exchange of Singapore, has yielded 40% and 20% of the capital stock of Asia Container Terminals (ACT), society that the Container possesses and manages 8 Terminals West in the harbour area of Kwai Chung to Hong Kong, respective to the COSCO Pacific, the society that work among other things the terminalistiche activities of shipowning group Chinese COSCO, and to China Shipping Terminal Development Co. (CSTD), the society that manages the terminalistiche activities of the Chinese shipowning group Lowers Shipping.
Both the quotas are yielded for a total of 2,47 billion dollars of Hong Kong (USA 318 million dollars), of which 1,65 billion dollars of Hong Kong relative in the sold participation to COSCO Pacific and the figure remaining in the sold participation to CSTD. For this last acquisition it constitutes the first investment in the port of Hong Kong.
The terminal managed from ACT has a line of dock of 1.380 meters and can receive largest portacontainer of the world-wide fleet.
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