VOLUNTARY WINDING UP OF DORMANT SUBSIDIARIES
Pursuant to Rule 704(21) of the Listing Manual of Singapore Exchange Securities Trading Limited, Hutchison Port Holdings Management Pte. Limited, as trustee-manager (the "Trustee-Manager") of Hutchison Port Holdings Trust ("HPH Trust"), wishes to announce its plan to voluntarily wind up the following dormant subsidiaries (and to appoint a liquidator to effect the same), as part of the efforts of HPH Trust to rationalise its structure and that of its subsidiaries (collectively, the "Group"). The winding-up of these dormant subsidiaries is not expected to have a material effect on the earnings per unit and the net tangible asset value per unit of the Group for the financial year ending 31 December 2020.
Name | : Country Win Development Limited |
Paid-up Capital | : HK$900,000.00 |
Place of Incorporation | : Hong Kong |
Number of issued share(s) | : 900,000 ordinary shares |
Name | : Plenty Centre Limited |
Paid-up Capital | : HK$4.00 |
Place of Incorporation | : Hong Kong |
Number of issued share(s) | : 4 ordinary shares |
Name | : Portsnportals Enterprises Limited |
Paid-up Capital | : US$1.00 |
Place of Incorporation | : The British Virgin Islands |
Nominal value | : US$1.00 each |
Number of issued share(s) | : 1 ordinary share |
Name | : Power Day Limited |
Paid-up Capital | : HK$3.00 |
Place of Incorporation | : Hong Kong |
Number of issued share(s) | : 3 ordinary shares |
Name | : Richfair Engineering Limited |
Paid-up Capital | : HK$100.00 |
Place of Incorporation | : Hong Kong |
Number of issued share(s) | : 100 ordinary shares |
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Save for any interest from their respective unitholdings in HPH Trust, none of the directors of the Trustee-Manager and the controlling unitholders of HPH Trust has an interest, direct or indirect, in the winding-up of the above subsidiaries.
By Order of the Board
Hutchison Port Holdings Management Pte. Limited (Incorporated in the Republic of Singapore with limited liability) (as trustee-manager of Hutchison Port Holdings Trust) (Company Registration No. 201100749W)
Ms Kim Yi Hwa
Company Secretary
10 February 2020
About HPH Trust
HPH Trust is a container port business trust listed in Singapore.
HPH Trust owns interests in world class deep-water container port assets located in two of the world's busiest container port cities by throughput - Hong Kong and Shenzhen, the People's Republic of China ("PRC"). Other assets in the HPH Trust portfolio include the port in Huizhou, PRC, as well as certain port ancillary services and the economic benefits of river ports complementary to the deep-water container ports operated by HPH Trust.
The investment mandate of HPH Trust is principally to invest in, develop, operate and manage deep-water container ports in the Guangdong Province, Hong Kong and Macau, one of the world's largest trading hubs by throughput.
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Hutchison Port Holdings Trust published this content on 10 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2020 12:27:03 UTC