Hutchison Port Holdings' subsidiary threatened by workers demonstration

They demand pay rise.

According to a release, port workers claiming against stevedoring contractors for a pay rise and their supporters have gathered at Hongkong International Terminals Limited, a subsidiary of Hutchison Port Holdings Trust, for demonstration.

These stevedoring contractors provide services to HIT as well as the other terminals in the Kwai Tsing port of Hong Kong. These port workers are not employees of HIT.

Hutchison Port Holdings Management Pte. Limited, as trustee-manager of HPH Trust, has been pro-actively monitoring the situation as well a encouraging the contractors of HIT to engage in dialogue with their workers to bring an amicable resolution to the situation.

A special task force has been formed by HIT to oversee the development of the situation, and contingency procedures have been activated. Whilst operations at the terminals are continuing at this time, truck traffic within the vicinity of the demonstration has been slowed down and has to be diverted as appropriate.

The Trustee-Manager is also working closely with the authorities to ensure the safety of our personnel and that order at the terminals is maintained.

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