Hong Kong businesses must consider national interests while pursuing commercial deals, the city’s leader has said, arguing that the two are not mutually exclusive. In an interview with the Post as he marked three years in office, Chief Executive John Lee Ka-chiu stressed the importance of local companies keeping national interests in mind while seeking…
Hong Kong’s CK Hutchison Holdings has said it would be impossible for the controversial Panama ports sale to proceed under any illegal or non-compliant circumstances after mainland China’s market regulator asked the parties involved not to circumvent an ongoing antitrust probe into the deal last month. Monday’s statement, the first directly issued by Li Ka-shing’s…
Hong Kong’s CK Hutchison Holdings has said it would be impossible for the controversial Panama ports sale to proceed under any illegal or non-compliant circumstances after mainland China’s market regulator asked the parties involved not to circumvent an ongoing antitrust probe into the deal last month. Monday’s statement, the first directly issued by Li Ka-shing’s…
Hong Kong tycoon Li Ka-shing had made a rare public appearance, attending a concert at Kai Tak Stadium but declining to answer questions on his company’s controversial Panama Canal port deal. Li, 96, was sitting in a bike-like wheelchair, smiling and saying “thank you” to people waiting when he exited a lift at the stadium…
Hong Kong tycoon Li Ka-shing had made a rare public appearance, attending a concert at Kai Tak Stadium but declining to answer questions on his company’s controversial Panama Canal port deal. Li, 96, was sitting in a bike-like wheelchair, smiling and saying “thank you” to people waiting when he exited a lift at the stadium…
Hong Kong lawmakers on Thursday unanimously passed a motion calling for unity in countering US tariffs, with some calling on tycoon Li Ka-shing’s CK Hutchison Holdings not to go ahead with selling its Panama ports. The motion, put forward by lawmaker Ma Fung-kwok, urged authorities and the city’s industries to “resolutely dovetail with our country’s…
Hong Kong tycoon Li Ka-shing has made his first in-person public appearance since controversy erupted over his conglomerate’s sale of its overseas ports to a consortium led by American investment firm BlackRock amid the US-China trade war, a deal that has drawn Beijing’s ire. The founder of CK Hutchison Holdings visited Hong Kong Sanatorium &…
China’s foreign ministry has urged all parties in the controversial sale of CK Hutchison Holdings’ overseas ports to “act prudently” and stay in touch with Beijing amid a report that the Hong Kong conglomerate’s two Panama Canal facilities may be separated from the deal. Foreign Ministry spokesman Guo Jiakun said on Monday that authorities had…
Mainland China’s market regulator has warned CK Hutchison Holdings and other parties involved in the controversial sale of the Hong Kong conglomerate’s overseas ports not to circumvent an ongoing antitrust probe into the deal, with some parts of the transaction reportedly set to be split up. The warning from a spokesman for the State Administration…
What’s next China’s market regulator has not revealed the details of its antitrust probe such as whether it has started investigations and the scope of its assessment. Lawyers have said the regulator may implement anti-monopoly measures, such as prohibiting or conditionally approving the transaction. According to the deal between CK Hutchison and BlackRock, both parties…