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HPH Suspends Investment Plans
HPH Suspends Investment Plans in
the Port of Lyttelton,
New Zealand
[29 March 2006 – Hong Kong] Hutchison Port Holdings (HPH) confirms that, in agreement with Christchurch City Holdings Limited (CCHL), it will not be proceeding with its proposed investment in Lyttelton Port Company Limited (LPC), as CCHL has not been able to privatise LPC on the terms anticipated.
However, HPH remains open to further discussions with CCHL in the event they are able to complete the takeover of LPC on acceptable terms.
ENDS
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