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This is interesting. Wonder what is the price PSA will be asking and will there be a takeover if the new buyer wants a bigger chunk?
PSA purchase lifts HPH Trust as share price hits all-time low (theedgesingapore.com)
SINGAPORE (June 18): Singapore&rsquo s state-owned port operator, PSA International, has acquired more than 53 million shares in Hutchison Port Holdings Trust from the open market for nearly US$15.9 million ($21.2 million). The purchase was made on June 6, at an average price of 29.7 US cents.
With this purchase, PSA, which has been the second-largest unitholder of HPHT since it went public, increased its stake in the trust to nearly 984 million shares, or 11.29%. Prior to this, PSA, via an entity called Port Capital, owned nearly 930.4 million shares, or 10.68% of the trust.
PSA purchase lifts HPH Trust as share price hits all-time low (theedgesingapore.com)
SINGAPORE (June 18): Singapore&rsquo s state-owned port operator, PSA International, has acquired more than 53 million shares in Hutchison Port Holdings Trust from the open market for nearly US$15.9 million ($21.2 million). The purchase was made on June 6, at an average price of 29.7 US cents.
With this purchase, PSA, which has been the second-largest unitholder of HPHT since it went public, increased its stake in the trust to nearly 984 million shares, or 11.29%. Prior to this, PSA, via an entity called Port Capital, owned nearly 930.4 million shares, or 10.68% of the trust.
PSA buys stake in Hutchison ports for $4.4B
By Peter T. Leach | Apr 20, 2006 8:00PM EDT
Each share US$2 or ??? PSA bought ??
Each share US$2 or ??? PSA bought ??
honesty ( Date: 10-Dec-2022 09:29) Posted:
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15 july 2022
OCBC Investment Research has kept a &ldquo buy&rdquo rating for Hutchison Port Holdings Trust (HPH Trust) with a lower target price of 26 US cents (36.5 cents) from 28 US cents previously
PSA mulling sale, price fm ocbc few months ago, firmly believe should worth more
time to get in
OCBC Investment Research has kept a &ldquo buy&rdquo rating for Hutchison Port Holdings Trust (HPH Trust) with a lower target price of 26 US cents (36.5 cents) from 28 US cents previously
PSA mulling sale, price fm ocbc few months ago, firmly believe should worth more
time to get in