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HPH TRUST ENTERED
INTO A STRATEGIC
PARTNERSHIP WITH
COSCO PACIFIC
AND CSTD
HPH TRUST JOINED
THE STI, ENDED THE
YEAR WITH THE
HIGHEST DIVIDEND
YIELD AMONG ALL
STI CONSTITUENT
COMPANIES
Two years after its successful listing on the SGX,
the Trust was admitted to the STI on 3 April 2013.
By year-end, we were ranked the highest dividend
yield among all STI constituent companies. The STI is
a composite index representing the top 30 companies
on the Main Board of the SGX, and has long been
regarded as a benchmark indicator of the Singapore
stock market's performance.
HPH Trust entered into a strategic partnership with
COSCO Pacifc and CSTD through their investments of 40
percent and 20 percent, respectively, of effective equity and
loan interests in its wholly-owned subsidiary, Asia Container
Terminals Holdings Limited (“ACT Holdings”) and its group
companies, for an aggregate consideration of HK$2.472
billion (equivalent to approximately S$403.4 million). The
partnership will enhance the Trust’s capabilities in servicing
multiple mega-vessels simultaneously. It will further bolster
all aspects of the Trust’s port operations including fexibility,
effciencies, synergies, and proftability.
Annual Report 2013 23