HPH Trust Units to Buy Majority Stake in Huizhou Terminals

Through its subsidiaries, Yantian International Container Terminals (Phase III) Limited (YICT III) and Shenzhen Pingyan Multimodal Company Limited (PML), Hutchison Port Holdings Trust (HPH Trust) will acquire 65% and 15% of Huizhou International Container Terminals (HICT) equity interest, respectively.

The company said that, upon completion of the acquisition, HICT will be jointly held by YICT III, Huizhou Port Group (HPG) and PML in the proportions of 65%, 20% and 15%. According to HPH Trust, the two companies are paying USD 86.2 million in two instalments for the share.

HICT, situated in the southeastern Guangdong Province, China, comprises two 50,000-tonne container berths and one 3,000-ton container berth with an area of 60 hectares, a total quay length of 800 metres and depth alongside of 15.7 metres.
(World Maritime News)