|
|
|
|
|
SINGAPORE, Mar 18, 2011 - (ACN Newswire) - Southeast Asia's largest IPO, Hutchison Port Holdings Trust (HPH Trust), has successfully listed on Mainboard of Singapore Exchange (SGX), under the stock code of "NS8U". The HPH Trust is the world's first publicly listed container port business trust.
Mr Canning Fok, Chairman of the Trustee-Manager, said, "This is a key milestone for the Hutchison group and we are very excited to list the first container port business trust in Singapore. Through this IPO, our investors will have the opportunity to participate in the growth story of the Pearl River Delta. With the numerous competitive advantages of our key assets and the backing of our Sponsor, Hutchison Port Holdings, we are confident the Trust will remain the preferred port-of-call in many years to come."
Magnus Bocker, Chief Executive Officer, Singapore Exchange shared, "We warmly welcome Hutchison to the SGX family. This is SGX's record IPO and we are happy that it is well supported by international investors. The listing of HPH Trust bears evidence to the efficacy of SGX business trust as a capital raising vehicle for businesses with substantial assets. With SGX as their global listing springboard, businesses can monetise their assets with an attractive yield to access the broad and international investor pool in the Singapore market."
The listing of HPH Trust reinforces SGX's internationally recognised position in the maritime transportation sector. With a market capitalisation of US$8.8 billion, HPH Trust brings the total number of SGX Business Trusts to 9 with a combined market capitalisation of about US$11.9 billion.
HPH Trust is the market leader in the Pearl River Delta and has a portfolio consisting of interests in two of the world's busiest container port cities by throughput Hong Kong and Shenzhen, PRC. The Trust is well-positioned to leverage its scale and exposure to trade flows in the Pearl River Delta and China's economic growth to capture future throughput growth at its Portfolio Container Terminals.
Contact:
Joan Lew
SGX Communications
Tel : +65 6236 8658
Email : joan@sgx.com
Magdalyn Liew
SGX Communications
Tel: +65 6236 8157
Email: magdalynliew@sgx.com
Topic: IPO
Source: Singapore Exchange (SGX)
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
