HONG KONG`s Hutchison Whampoa has announced it will buy several port and property assets from China Resources (Holdings) Co for HK$5.7 billion ($732.5 million), reported Reuters.
The deal will include equity stakes in HIT Investments Ltd, Hongkong International Terminals, Splendid Century Ltd, Hutchison Ports Yantian Investments Ltd, and Omaba Investments Ltd.
Such acquisition will allow Hutchison to raise its shares in ports in Hong Kong and Shenzhen-Yantian, but it did not give details, according to Dow Jones.
Hutchison to buy port and property assets from China Resources
Time：2011-01-04
Browse：42