HPH Trust – BT

Hutchison port units’ sale here from March 7

HUTCHISON Whampoa Ltd will start the Singapore public offering of its Chinese port-asset trust on March 7 and close it at 10am local time on March 14, according to a filing with the Hong Kong stock exchange yesterday.

The Hong Kong preferential offering will start on March 7 and end at 4.30pm on March 11, Hutchison said.

The port units will start trading in Singapore on March 18. The company is offering up to 3.9 billion units at 91 cents to US$1.08 each. — Bloomberg