Independent journal on economy and transport policy
13:44 GMT+2
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CK Hutchison will become sole owner of Hongkong United Dockyards
It will acquire 50% of the capital currently in the hands of Swire Pacific
August 11, 2021
g src="/images/iMinizionotizia.gif" width="70" height="17" border="0" style="vertical-align: middle;">Hong Kong companies Swire Pacific and CK Hutchison Holdings have signed a binding agreement under which the first will sell to the second 50% of the capital of Hongkong United Dockyards (HUD), a company mainly active in the sectors ship repairs and working and sea towing, and harbour. With the completion of the transaction, the Hutchison CK, which currently holds 50% of hud's capital, will become the sole owner of the company. The agreement includes the acquisition from CK Hutchison's share of also 50% of the company's capital towing the Hongkong Salvage &Towage Company.
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