SHIPPING & MARINE | Staff Reporter, Hong Kong

Demonstrations outside HIT premises continue

Management's legal counsel takes further action.

In a release, Hutchison Port Holdings Management said that there has been further development with regard to the demonstrations at Hongkong International Terminals Limited, its subsidiary.

HIT, the operator of Terminal 8 East at Kwai Tsing, Hong Kong, owned as to 50% by HPH Trust has obtained an interim injunction from the High Court of Hong Kong in the evening of 1 April 2013 and demonstrators have since vacated HIT's terminal premises in an orderly manner. 

To that effect, Hutchison Port Holdings Management Pte. Limited, as the trustee-manager of HPH Trust, is now able to work towards bringing HIT's terminal operations back to normal.

Nevertheless, demonstrations are continuing outside of HIT’s terminal premises and the Trustee-Manager is continuing to work towards resolving the industrial actions with the parties involved.

HIT, CHT and their legal counsel will also be returning to the HKHC this Friday 5 April 2013 for an order to maintain the granted injunction. 

The Trustee-Manager continues to believe that the current event does not have a material adverse impact on the performance of HPH Trust and will continue to provide updates of a material nature to unitholders of HPH Trust as and when appropriate. 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.