Panama is aiming to mitigate geopolitical risks and respond to US pressure by adopting a multi-operator model for its strategic canal after nullifying the concession granted to Hong Kong’s CK Hutchison to operate two of the ports, analysts have said. Panamanian President Jose Raul Mulino was reported to have vowed on Thursday that his country…
Hong Kong-based CK Hutchison Holdings faces limited legal avenues to challenge a Panama court ruling that nullified its rights to operate two major ports at the country’s canal, while taking the case to the International Court of Justice will require Beijing to act on its behalf, a legal expert has said. Basil Hwang, managing partner…
Hong Kong-based CK Hutchison Holdings, controlled by billionaire Li Ka-shing, risks losing its rights to operate major ports at both ends of the Panama Canal after the country’s Supreme Court ruled its subsidiary’s contract unconstitutional. The decision was announced in a statement posted on the official social media account of the Panama Judiciary on Thursday…
Yan Junjie, chief executive officer of MiniMax Group Inc., right, and Yun Yeyi, chief operating officer, during the company’s listing ceremony at the Hong Kong Stock Exchange on Jan. 9. MiniMax, one of China’s largest generative AI startups, rose in Hong Kong after an IPO that raised $619 million and minted Yan as a new…
CK Infrastructure Holdings is poised to complete the disposal of UK Rails (Eversholt Rail) this month following London’s approval of the deal, according to the company, which is part of Hong Kong tycoon Li Ka-shing’s business empire. The train leasing company is owned by a consortium of the group’s companies: CK Infrastructure, which holds 65…
Hong Kong conglomerate CK Hutchison’s US$22.8 billion global ports sale hung in the balance at the end of 2025, nearly 10 months after it was first announced, as a veteran political commentator said the most expensive terminal acquisition in history was unlikely to come to fruition amid geopolitical tensions. What began as a strategic exit…
The State Department said last month that it would “restrict US visas for Central American nationals … intentionally acting on behalf of the Chinese Communist Party” and who “knowingly direct, authorise, fund, provide significant support to, or carry out activities that undermine the rule of law in Central America”. “The United States, under the guise…