Brief: Hutchison Port Holdings Trust Says HICT Entered Land Resumption & Compensation Agreement

Hutchison Port Holdings Trust

16/12/2019 13:40

Dec 16 (Reuters) - Hutchison Port Holdings Trust  HPHT.SI :
    * HUIZHOU INTERNATIONAL CONTAINER TERMINALS ENTERS LAND
RESUMPTION
& COMPENSATION AGREEMENT WITH LOCAL LAND OFFICE AT PRC
    * AGREEMENT FOR RECLAIMED LAND, FIXED ASSETS BEING RESUMED
BY
LOCAL LAND OFFICE AT COMPENSATION PAYABLE TO HICT
    * COMPENSATION PAYABLE TO HICT RMB939.1493 MILLION
    * HICT INTENDS TO PARTICIPATE IN OPEN TENDER FOR LAND
CONDUCTED BY
HUIZHOU LAND BUREAU FROM 12 DEC - 26 DEC
    * COMPENSATION RECEIVED BY HICT IN LAND RESUMPTION WILL BE
USED TO
FUND BID FOR LAND IT WOULD SUBMIT IN OPEN TENDER

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZbzBKbB
Further company coverage:  HPHT.SI 

 (Reuters.Briefs@thomsonreuters.com)