HUTCHISON PORT HOLDINGS TRUST (A business trust constituted on 25 February 2011 under the laws of the Republic of Singapore and managed by Hutchison Port Holdings Management Pte. Limited)
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 of the following dormant wholly-owned subsidiaries (and to appoint a liquidator to effect the same), as part of the efforts of HPH Trust to rationalise its structure of 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 net tangible asset value per unit of the Group for the financial year ending 31 December 2015.
Name : Champion Rings 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 : Success Terminals Limited
Paid-up Capital : HK$2.00 Place of Incorporation : Hong Kong
Number of issued share(s) : 2 ordinary shares
Save for any interest from their respective unitholdings in HPH Trust, none of the directors of the Trustee-Manager or the controlling unitholders of HPH Trust has an interest, direct or indirect, in the winding-up of the above wholly-owned subsidiaries.
By Order of the Board
Hutchison Port Holdings Management Pte. Limited (as trustee-manager of Hutchison Port Holdings Trust) (Company Registration No. 201100749W)
Lynn Wan Tiew Leng Company Secretary 23 October 2015
About HPH Trust
HPH Trust is a container port business trust listed in Singapore.
The portfolio of HPH Trust consists of interests in deep-water container port assets located in Hong Kong and Shenzhen, the People's Republic of China, two of the world's busiest container port cities, 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.
HPH Trust is managed by Hutchison Port Holdings Management Pte. Limited, with the key objective of providing unitholders with stable and regular distributions as well as long-term distribution per unit growth.
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