Victor Li Tzar-kuoi’s denial this week that his family home was being sold has stirred public curiosity about the address that has been the residence of one of Hong Kong’s wealthiest families and property developers for more than six decades. Located at 79 Deep Water Bay Road in the Southern district of Hong Kong Island,…
Hong Kong billionaire Li Ka-shing’s CK Hutchison Holdings has called for the rule of law to be respected after Panama took legal action to nullify its ports contracts, with the country’s leader also suggesting its operations be taken over by state partnerships. Legal experts said on Friday that the Hong Kong-based conglomerate could face “significant…
Hong Kong leader John Lee Ka-chiu has pledged to maintain safety as he weighed in on a deal to buy mainland Chinese brands of bottled water for some government offices that will save taxpayers HK$16 million a year. Lee also said on Sunday that water samples would be checked regularly and the government would cancel…
Hong Kong billionaire Li Ka-shing’s CK Hutchison Holdings has called for the rule of law to be respected after Panama took legal action to nullify its ports contracts, with the country’s leader also suggesting its operations be taken over by state partnerships. Legal experts said on Friday that the Hong Kong-based conglomerate could face “significant…
Hong Kong’s CK Hutchison Holdings may win Beijing’s support through its plan to bring in a mainland Chinese company as a strategic investor in the controversial sale of its global port stakes, but the change in tack has also fuelled uncertainty, experts have said. Analysts said that the planned US$23 billion deal to sell CK…
The head of a US congressional committee on Thursday, warned Panama over Chinese influence on the Panama Canal, following reports that leading Chinese state-owned conglomerates are bidding for port concessions there now for sale by Hong Kong-based CK Hutchison Holdings. In his letter to Minister of Maritime Affairs and Administrator of the Panama Maritime Authority…
The sale of global port facilities to U.S.-based investor BlackRock and Mediterranean Shipping Company by Hong Kong’s CK Hutchison could be blocked by China, unless shipping company Cosco is included, according to a Wall Street Journal report citing anonymous sources. Hutchison said in March it planned to sell its 80% share of port terminals through…
The US$23 billion sale of global port stakes by Hong Kong’s CK Hutchison could be subject to substantial changes if it is not already on the verge of collapse, with Chinese and Panamanian authorities possibly rejecting the terms, legal and logistics experts have said ahead of the deal’s deadline for exclusive negotiation. Their analysis followed…
Beijing’s former liaison office chief in Hong Kong, Zheng Yanxiong, has returned to the nation’s capital and is expected to take up a senior role in the country’s top legislative body, the Post has learned. Two sources familiar with the matter said Zheng, who was abruptly removed as director of Beijing’s liaison office in Hong…
The Chinese Ministry of Commerce has cautioned Hong Kong’s CK Hutchison Holdings to maintain “a clear understanding” of the situation and “act with prudence” after Li Ka-shing’s conglomerate pledged earlier this week that its Panama port sale would not violate any laws. A ministry spokeswoman made the remarks on Thursday after the conglomerate issued a…