Washington is “not surprised” that Beijing is unhappy about plans by tycoon Li Ka-shing’s CK Hutchison Holdings to sell its two Panama ports, the US State Department has said, after a Chinese market regulator launched an antitrust investigation into the deal. “We are aware of the comments made by China. It’s also no surprise that…
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…
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…
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…
Tycoon Li Ka-shing’s CK Hutchison Holdings and the Hong Kong government are discussing “a reasonable way out” with a week to go until the deadline for sealing a controversial deal to sell its two Panama ports to a consortium led by US investment firm BlackRock, the Post has learned. Sources said on Wednesday that the…
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…
When the first buses of newly freed migrants arrived this month in Panama City from a detention camp at the edge of a jungle, three people were visibly ill. One needed H.I.V. treatment, a lawyer said, another had run out of insulin and a third was suffering from seizures. Confusion, chaos and fear reigned. “What…