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 inmany 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 Trustbrings 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.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is among the world's largest exchanges and Asia's second largest listed exchange. As the Asian gateway, SGX is the market of choice for investors wanting to participate in Asia's vibrant and rapidly growing economies, and for Asian issuers seeking international capital.
SGX's extensive suite of securities, derivatives and commodities products makes it Asia's most international exchange. SGX's services range from listings, trading, high-speed market access, clearing and settlement to depository services and Central Counter Party services for OTC traded derivatives. With the region's longest trading hours, and powered by cutting-edge technology, SGX is the unparalleled conduit for investment flows into and out of Asia. For more information, please visit www.sgx.com
Source: Singapore Exchange (SGX)
Contact:
Copyright 2011 ACN Newswire. All rights reserved.
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 inmany 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 Trustbrings 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.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is among the world's largest exchanges and Asia's second largest listed exchange. As the Asian gateway, SGX is the market of choice for investors wanting to participate in Asia's vibrant and rapidly growing economies, and for Asian issuers seeking international capital.
SGX's extensive suite of securities, derivatives and commodities products makes it Asia's most international exchange. SGX's services range from listings, trading, high-speed market access, clearing and settlement to depository services and Central Counter Party services for OTC traded derivatives. With the region's longest trading hours, and powered by cutting-edge technology, SGX is the unparalleled conduit for investment flows into and out of Asia. For more information, please visit www.sgx.com
Source: Singapore Exchange (SGX)
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
Copyright 2011 ACN Newswire. All rights reserved.
© 2011 JCN Newswire
