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Is Hutchison Port Holdings Trust (HPHT) on the way to snatching victory from the jaws of defeat?

That’s a totally fair question.

And a very reasonable answer is a resounding yes.

Background

The 2011 Hutchison announcement that it would hive off its Hong Kong and Pearl River Delta terminals and list them as a trust on the Singapore Exchange – a major capital markets highlight then – raised quite a few eyebrows in the Lloyd’s List newsroom (where this correspondent worked at the time). 

The editor, the late ...

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