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…
As scrutiny mounts over Hong Kong-based CK Hutchison’s sale of its Panama ports, experts say there is a patent lack of legal tools governing commercial transactions that authorities can use to stop the deal and they are highly sceptical the national security legislation will be invoked. But the conglomerate owned by tycoon Li Ka-shing’s family…
Asian conglomerate CK Hutchison’s deal to sell its Panama Canal ports to a consortium led by America’s BlackRock Inc is facingintense criticismfrom Hong Kong and China. Earlier this month, billionaire Li Ka-shing-owned CK Hutchison had signed a $23 billion deal to sell most of its ports operations, including those in the Panama Canal,to a US-led…
Sharp Chinese criticism of CK Hutchison Holdings’ sale of its port assets near the Panama Canal to a US-led consortium has thrown a potential wrench into the deal, with pressure piling up on the family of Hong Kong billionaire Li Ka-shing to rethink the divestment. Analysts said the deal was not final yet due to…
Beijing’s veiled attack on Hong Kong’s CK Hutchison for selling its Panama Canal ports by posting a blistering newspaper commentary against it is an attempt to pile pressure on the conglomerate to either axe the deal or negotiate better terms that protect the national interest, observers have said. But the experts warned on Friday that…
Beijing’s veiled attack on Hong Kong’s CK Hutchison for selling its Panama Canal ports by posting a blistering newspaper commentary against it is an attempt to pile pressure on the conglomerate to either axe the deal or negotiate better terms that protect the national interest, observers have said. But the experts warned on Friday that…
(Bloomberg) — Supply Lines is a daily newsletter that tracks global trade. Sign up here. Most Read from Bloomberg CK Hutchison Holdings Ltd. shares plunged Friday after China’s top office on Hong Kong issues reposted a sharp attack on the conglomerate’s decision to appease President Donald Trump by selling its stake in Panama ports. The…