Hutchison Port Holdings (HPH) sold small equity stakes in four of its container terminals in China and Hong Kong to shipping companies last month, but has refused to identify them.
Canning Fok, managing director of HPH parent company Hutchison Whampoa, said, "Over the years, we have been increasing our stakes in ports. Now some shipping companies want to have a share. It will be beneficial for us if we can attract them to use our ports. It won't hurt our profitability, in fact it will help us make more money."...
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Approx 300 words from WorldCargo News, May 2002,
page 5.
