Tuesday, 2 March 2010

Hutchison to Invest In UK Assets

HONG KONG (Reuters) - Hutchison Whampoa will raise its presence in the United Kingdom by investing roughly an additional one billion pounds ($1.54 billion) over the next two years, its spokesman said on Wednesday.

The spokesman confirmed the investment figure first reported by the Hong Kong Economic Journal, which said group Hutchison Managing Director Canning Fok disclosed the figure during in a panel meeting in the UK.

Hutchison will re-invest in businesses including retail, property and telecommunications, the newspaper said.

"We hold a positive tone for reinvesting in the UK as it has been generating good investment returns and has good regulations," another Hutchison spokeswoman had said earlier.

Shares of the ports-to-telecoms conglomerate eased 0.99 percent to HK$54.95 by 2:27 a.m. British time, against a 0.81 percent drop in the broader market



Anonymous said...

Maybe they should look at us as more of an asset........rather than daft country bumpkins.

Anonymous said...

I love it when they release stuff like this at a very sensitive time for everyone at the port, just goes to show there's no way their going to let anything happen and spoil what they have.Thanks HPUK.