Hutchison Whampoa Ltd. would directly hold about 45 percent, not 65 percent, of the phase three of the Yantian container port project in the southern Chinese city of Shenzhen, a Hutchison official said on Thursday. She added that Hutchison has a majority stake in a foreign entity that would hold a 65 percent stake in the project. Through the investment entity, Hutchison would hold an "effective 45 percent", the official said. Officials at Hutchison's China partner Yantian Harbour Group said on Wednesday that China had allowed Hutchison to take a 65 percent stake in the project, while Yantian Harbour would hold the remaining 35 percent.
