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Investor Centre

Notice Of A Substantial Shareholder's Interest

Back 23 Mar 2011
Part I
1. Date of notice to issuer 22/03/2011
2. Name of Substantial Shareholder Cheung Kong (Holdings) Limited
3. Notice Type Notice of a New Substantial Shareholder's interest.
Part II
1. Date of change of Interest 18/03/2011
2. Name of Registered Holder (1) Hutchison Port Holdings Limited; (2) DBS Vickers Securities (S) Pte Ltd; and (3) HSBC Nominees (Hong Kong) Limited
3. Circumstance(s) giving rise to the interest or change in interest # Others

1 unit in HPH Trust ("Unit") was issued to Hutchison Port Holdings Limited ("HPH") upon the constitution of HPH Trust on 25 February 2011.

On 18 March 2011, 3,309,377,999 Units were allotted and issued to HPH as consideration units pursuant to a sale and purchase agreement dated 28 February 2011 as part settlement of the consideration for the acquisition of the HPH Trust Business Portfolio and the assignment of certain related party and shareholders' loans. The aggregate number of Units held by HPH is 3,309,378,000 Units immediately prior to the lending of any Units to Deutsche Bank AG, Singapore Branch ("Deutsche Bank") under the Unit Lending Agreement between HPH and Deutsche Bank.

Cheung Kong (Holdings) Limited ("Cheung Kong"), through the following subsidiaries, holds approximately 49.97% of Hutchison Whampoa Limited ("HWL"). Cheung Kong (and certain of its subsidiaries) will (through their 49.97% interest in HWL) also be deemed to have the same interest in HPH Trust as HPH:

(1) Continental Realty Limited, (2) Fumanda Limited, (3) Good Energy Limited, (4) Guidefield Limited, (5) Hey Darley Limited, (6) Haldaner Limited, (7) Harrowgate Investments Limited, (8) Harvestime Holdings Limited, (9) Hislop Resources Limited, (10) Kam Chin Investment S.A., (11) Mirabole Limited, (12) Oriental Time Investment Limited, (13) Polycourt Limited, (14) Richland Realty Limited, (15) Shining Heights Profits Limited, (16) Top Win Investment Limited, (17) Wealth Pleasure Limited, (18) Well Karin Limited, (19) White Rain Enterprises Limited, and (20) Winbo Power Limited.

Cheung Kong through its above-mentioned subsidiaries subscribed for and were issued an aggregate of 213,019,200 Units under the Hong Kong Preferential Offering in connection with the initial public offering of HPH Trust. None of Cheung Kong's subsidiaries is a substantial unitholder of HPH Trust.

Separately, HPH has agreed to distribute or transfer its Units upstream to its ultimate shareholders (being Hutchison Whampoa Limited ("HWL") and PSA International Pte. Ltd. ("PSA")) such that (i) 2,011,781,000 Units (assuming the over-allotment option is fully exercised) and 2,404,014,000 Units (assuming the over-allotment option is not exercised) will be distributed to HWL (or any subsidiary of HWL as HWL may determine), and (ii) 757,646,000 Units (assuming the over-allotment option is fully exercised) and 905,364,000 Units (assuming the over-allotment option is not exercised) will be distributed or transferred to PSA (or any subsidiary of PSA as PSA may determine).
4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 1
As a percentage of issued share capital 100 %
No. of Shares which are subject of this notice 3,522,397,199
As a percentage of issued share capital 40.45 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 1.01
No. of Shares held after the change 3,522,397,200
As a percentage of issued share capital 140.45 %
Part III - Not Required
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 1
As a percentage of issued share capital 0 % 100 %
No. of shares held after the change 0 3,522,397,200
As a percentage of issued share capital 0 % 40.45 %
Footnotes (1) The percentage figure (before change) shown is calculated based on the total number of issued Units prior to the date of listing of HPH Trust, being 1 Unit.

(2) The percentage figure (after change) shown is calculated based on 8,708,888,000 Units, being Hutchison Port Holdings Trust's total number of issued Units as at 18 March 2011. The aggregate number of Units held by HPH is 3,309,378,000 Units immediately prior to the lending of any Units to Deutsche Bank under the Unit Lending Agreement between HPH and Deutsche Bank.

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The issue managers for the initial public offering and listing of Hutchison Port Holdings Trust are DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, and Goldman Sachs (Singapore) Pte.. The issue managers for the initial public offering assume no responsibility for the contents of this announcement.
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