US investment firm BlackRock, which is leading a consortium seeking to buy 43 ports from Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings, aims to take control of its two strategic Panama Canal facilities, while Italy’s wealthy Aponte family will have a majority stake in the others, the Post has learned. A source close to…
BlackRock, the asset manager at the centre of a deal to buy US$23 billion in port assets from Li Ka-shing’s CK Hutchison Holdings, has about US$15.5 billion invested in Hong Kong and mainland-listed stocks through its China-focused funds, with its portfolios concentrated on technology and financial companies. According to its website, the world’s largest money…
About 150 new family offices attracted by innovation and technology developments and an emerging art market in Hong Kong have expressed an interest in settling in the city, despite intensified geopolitics and the tensions brought about by CK Hutchison Holdings’ Panama port sale, the investment chief has revealed. Of the 150 offices, 80 are from…
Beijing’s offices overseeing Hong Kong affairs have signalled their anger at tycoon Li Ka-shing’s CK Hutchison Holdings for the fourth time by reposting a news article which accuses the company of not maximising its profits in the “unusual deal” to sell its Panama ports to a consortium led by US firm BlackRock. The Hong Kong…
Tycoon Li Ka-shing’s CK Hutchison Holdings and the Hong Kong government are discussing “a reasonable way out” with a week to go until the deadline for sealing a controversial deal to sell its two Panama ports to a consortium led by US investment firm BlackRock, the Post has learned. Sources said on Wednesday that the…
China has sent a senior-level delegation to Panama at a time when relations have been clouded by developments surrounding the Panama Canal, a move seen by observers as an attempt to “understand what is unfolding” and possibly reverse the situation. According to Chinese state news agency Xinhua, a delegation led by Ma Hui, a vice-minister…
Hong Kong authorities should designate the Northern Metropolis as a “special zone” with a separate approval mechanism to speed up development, the city’s sole delegate to the nation’s top legislative body has said. Starry Lee Wai-king, a member of the National People’s Congress Standing Committee, also discussed mounting criticism of CK Hutchison Holdings over its…
Criticism of Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings over its Panama Canal ports sale is mounting as key Beijing offices posted another online media commentary warning entrepreneurs who choose to “dance with Americans” will have no future even if they secure a “big deal”. The article, published by pro-Beijing newspaper Ta Kung Pao…
Criticism of Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings over its Panama Canal ports sale is mounting as the two top Beijing offices in charge of Hong Kong affairs posted another commentary warning entrepreneurs who choose to “dance with Americans” will have no future even if they secure a “big deal”. The article, published…
Hong Kong tycoon Li Ka-shing’s company CK Hutchison Holdings, which recently sold its Panama Canal ports, should think twice about which side it wants to stand with, according to a scathing newspaper commentary posted by Beijing’s top office for the city’s affairs on its website. Citing criticisms calling the deal a “betrayal of all Chinese…