- CK Hutchison Group agrees with Swire Pacific to acquire 50% interest in Hongkong United Dockyards Limited
- following the acquisition of 50% interest from Swire Pacific, HUD will become wholly owned by members of the CK Hutchison Group
The agreement includes the acquisition by the CK Hutchison Group of 50% shares in The Hongkong Salvage & Towage Company Limited (“HKST”) from Swire Pacific says a press release published on CK Hutchison.
To acquire 50% interest
CK Hutchison Holdings Limited (“CK Hutchison”) announces that the CK Hutchison Group has entered into a binding agreement with Swire Pacific Limited (“Swire Pacific”) to acquire 50% interest in Hongkong United Dockyards Limited (“HUD”) from Swire Pacific.
CK Hutchison Group
HUD and its subsidiaries focus on the business of marine engineering, harbor salvage and towage, and related services, as well as mechanical and electrical engineering services. Following the acquisition of 50% interest from Swire Pacific, HUD will become wholly owned by members of the CK Hutchison Group.
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Source: CK Hutchison
