Beijing has signalled it will turn to its anti-monopoly law to review Hong Kong-based CK Hutchison Holdings’ controversial deal to sell its strategic Panama and other ports but legal academics told the Post it could be challenging for it to prove a “real risk” to competition. Experts and observers warned that the move could also…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Myanmar quake strikes China’s belt and road heartland: how bad is it? The impact on a key Chinese energy corridor is being closely monitored after a deadly earthquake hit…
By Rishav Chatterjee March 28 (Reuters) – Hong Kong conglomerate CK Hutchison, led by tycoon Li Ka-shing, will not sign a deal next week to sell its two strategic ports at the Panama Canal to a BlackRock-led group, the South China Morning Post reported on Friday. The deal was expected to be signed on April…
(Reuters) -Hong Kong tycoon Li Ka-shing’s CK Hutchison will not sign a deal next week to sell its two port operations near the Panama Canal to a BlackRock-led group amid growing pressure from Beijing, the South China Morning Post reported on Friday, citing a source close to the company. The deal was expected to be…
A sale by Hong Kong-based CK Hutchison of its overseas ports, including two in Panama, to a BlackRock consortium continues to stir debate as to its eventual outcome. China has expressed unhappiness, suggesting the deal would hurt national interest, while CK Hutchison has said the transaction is purely commercial. In a two-part special, we speak…
A sale by Hong Kong-based CK Hutchison of its overseas ports, including two in Panama, to a BlackRock consortium continues to stir debate as to its eventual outcome. China has expressed unhappiness, suggesting the deal would hurt national interest, while CK Hutchison has said the transaction is purely commercial. In a two-part special, we speak…
A sale by Hong Kong-based CK Hutchison of its overseas ports, including two in Panama, to a BlackRock consortium continues to stir debate as to its eventual outcome. China has expressed unhappiness, suggesting the deal would hurt national interest, while CK Hutchison has said the transaction is purely commercial. In a two-part special, we speak…
Hong Kong political heavyweights have raised concerns over a plan by Li Ka-shing’s CK Hutchison Holdings to sell its Panama Canal port operations, saying the deal should not be viewed purely through a commercial lens as the businesses are strategically important to the nation. The warnings on Saturday piled pressure on Li’s flagship company after…
Hong Kong political heavyweights have raised concerns over Li Ka-shing’s CK Hutchison Holdings’ plan to sell its Panama Canal ports, warning the sale should not be viewed purely through a commercial lens as it is of strategic importance to the nation’s development and security. The warnings added a fresh layer of pressure on tycoon Li’s…
* China’s criticism of Hutchison ports deal raises stakes for TikTok US sale CK Hutchison ports deal to sharpen scrutiny of TikTok US sale * Chinese regulators have begun looking into CK Hutchison ports * Beijing trying to project strong stance against US, analysts say * Beijing may approve TikTok deal if part of sweeping…