HPH Trust – BT

HPH Trust to launch dual currency trading

Hutchison Port Holdings Trust (HPH Trust) is set to be the first to launch dual currency trading of its units on Singapore Exchange’s (SGX) recently introduced dual currency trading platform.

‘We believe dual currency trading is in the best interests of our unitholders and may enhance the liquidity of our units by attracting investors who wish to invest in S$. Fungibility between the two currency counters also means potential and existing Unitholders have the added flexibility to trade in either counter,’ Canning Fok, Chairman of the trustee-manager of HPH Trust, said.

The SGX recently introduced a Singapore dollar (S$) counter to the existing system where units are quoted and traded in United States dollars (US$).

Trades made in the US$ counter will be settled through SGX in US$, while trades made in the S$ counter will be settled through SGX in S$; units traded in both counters are identical.

HPH Trust is a container port business trust listed in Singapore, which is managed by Hutchison Port Holdings Management Pte. Limited.

Investors will be able to buy or sell in either counter beginning 9.00am on 2 April 2012.