The Port of No Return (IIPM Publication)
Hutchison withdrawing from port handling is illogical
Hutchison Whampoa (HWL) is a name almost synonymous with telecom globally. And this fact is oft en missed that HWL conducts diversified businesses like port operations, hotels, retail, energy, infrastructure & finance and earns profits in all of them; except the one it’s most famous for; telecom! That looks to be the compelling reason why HWL (the world’s largest port operator) signed an agreement on April 21, 2006, to sell a 20% stake in the form of equity and loan interest in each of Hutchison Port Holdings Limited and Hutchison Ports Investments (HPI) respectively, to Singapore’s PSA International.
For Complete IIPM Editorial Article, Please click here...
Source: IIPM Publication
Hutchison Whampoa (HWL) is a name almost synonymous with telecom globally. And this fact is oft en missed that HWL conducts diversified businesses like port operations, hotels, retail, energy, infrastructure & finance and earns profits in all of them; except the one it’s most famous for; telecom! That looks to be the compelling reason why HWL (the world’s largest port operator) signed an agreement on April 21, 2006, to sell a 20% stake in the form of equity and loan interest in each of Hutchison Port Holdings Limited and Hutchison Ports Investments (HPI) respectively, to Singapore’s PSA International.
For Complete IIPM Editorial Article, Please click here...
Source: IIPM Publication
posted by IIPM @ 11:32 AM
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