China’s foreign ministry on Monday warned over economic coercion and bullying that undermined the legal rights of other countries, while Beijing’s top office on Hong Kong affairs shared another scathing article that urged Li Ka-shing’s CK Hutchison Holdings to rethink its Panama ports deal. The ministry also made its first comment over the State Administration…
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…
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…
China’s market regulator said it will review Hong Kong conglomerate CK Hutchison’s sale of Panama Canal ports to a US-led consortium, a Beijing-backed newspaper in Hong Kong reported on Friday. The business empire built by Hong Kong billionaire Li Ka-shing offloaded its global ports business outside China — including operations in the vital Central American…
Beijing’s offices overseeing Hong Kong affairs have signalled their anger at tycoon Li Ka-shing’s CK Hutchison Holdings for the fourth time by reposting a news article which accuses the company of not maximising its profits in the “unusual deal” to sell its Panama ports to a consortium led by US firm BlackRock. The Hong Kong…
AI image for representation only. On the face of it, it’s a straightforward transaction. CK Hutchison Holdings Ltd plans to sell two of its ports near the Panama Canal as part of a broader $19 billion divestment. But in geopolitics, nothing is just what it seems. With President Donald Trump hailing the sale as a…
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…
BlackRock (BLK) CEO Larry Fink orchestrated the Panama Canal port takeover that made President Trump happy, but the cost may be an angry Xi Jinping. The Wall Street Journal reported this week that the Chinese leader is not happy with a $22.8 billion deal giving a BlackRock-led investment coalition control of two key ports on…
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…