CK Hutchison Group entered into a binding agreement to acquire the remaining 50% stake in Hongkong United Dockyards Limited from Swire Pacific Limited (SEHK:19) on August 6, 2021. Following the acquisition of the remaining 50% stake from Swire Pacific Limited, Hongkong United Dockyards Limited will become wholly-owned by members of the CK Hutchison Group. The agreement also includes the acquisition by the CK Hutchison Group of 50% stake in The Hongkong Salvage & Towage Company Limited (“HKST”) from Swire Pacific Limited. Slaughter and May, Hong Kong acted as a legal advisor to Swire Pacific Limited.

CK Hutchison Group completed the acquisitions of the remaining 50% stake in Hongkong United Dockyards Limited from Swire Pacific Limited (SEHK:19) on September 30, 2021.