PSA buys into Hong Kong

News-in-print

Singapore’s PSA International has secured a foothold in Hong Kong’s container port by agreeing to pay Sun Hung Kai Properties (SHKP) HK$2.6 bill (US$333 mill) for its 57 per cent stake in Asia Container Terminals (ACT). The latter owns two berths at Container Terminal 8 (West) at the Kwai Chung container port.

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