Conglomerate Hutchison Whampoa has denied speculation that it is planning a stake sale in Hutchison Port Holdings Trust.
Financial news website AAStocks cited a spokesman as saying there in no truth to speculation that Hutchison was negotiating to sell a stake of more than 40 percent in Hutchison Port Holdings Trust for between HK$150 billion and HK$160 billion. Hutchison shares gained more than 1.75 percent to HK$104.3 per share.