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…
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…
The deal had the imprint of a Hong Kong billionaire nicknamed “Superman” for his empire building. One of the tycoon’s companies, which for years has run two ports on the Panama Canal, had been thrust into a broader showdown between China and the United States. So the billionaire, Li Ka-shing, got out of the firing…