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…
Li Ka-shing’s CK Hutchison Holdings has defended the contract that has allowed it to run two ports at the Panama Canal since 1997, saying the concession was “validly executed and approved by law” and denying it failed to pay more than US$1 billion to the country, as had been claimed in a sweeping financial audit….
A senior United States official has discussed the importance of an ongoing audit of CK Hutchison’s management of two ports at the Panama Canal with the country’s foreign minister, amid controversy surrounding the Hong Kong company’s sales of the facilities. Panamanian authorities announced their audit of Hong Kong tycoon Li Ka-shing’s CK Hutchison in January…
Beijing’s top office on Hong Kong affairs has fired another warning shot over CK Hutchison Holdings’ Panama ports deal, reposting a sixth critical article which urges the conglomerate against acting “in concert with US hegemony” and to avoid making “historic mistakes”. The Hong Kong and Macau Affairs Office reposted the latest piece on Sunday, which…
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…
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…
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…
US President Donald Trump has refused to rule out a military invasion of Panama to regain control of the canal (MARTIN BERNETTI) Under fierce pressure from US President Donald Trump, Hong Kong firm Hutchison said Tuesday it had agreed to sell its lucrative Panama Canal ports to a US-led consortium. CK Hutchison Holdings said it…