CK Hutchison Holdings needs a war chest to maintain its fiscal health in the face of escalating geopolitical tensions, its chairman Victor Li Tzar-kuoi has said, with senior managers assuring the US$23 billion deal involving two Panama ports will comply with regulations. At the conglomerate’s annual general meeting on Thursday, Li said that many uncertainties…
The Chinese Ministry of Commerce has cautioned Hong Kong’s CK Hutchison Holdings to maintain “a clear understanding” of the situation and “act with prudence” after Li Ka-shing’s conglomerate pledged earlier this week that its Panama port sale would not violate any laws. A ministry spokeswoman made the remarks on Thursday after the conglomerate issued a…
Beijing’s point man on Hong Kong and Macau affairs has urged business leaders from both cities to defend national interests, a move seen by analysts as a “wake-up call” for firms such as tycoon Li Ka-shing’s CK Hutchison group, currently embroiled in the Panama ports saga, to choose a side. Xia Baolong, director of the…
By James Pomfret and Clare Jim HONG KONG (Reuters) – An expected delay in a key step in CK Hutchison’s planned sale of its Panama ports to a U.S. group, a deal blasted by Chinese media, highlights growing concerns about Beijing’s grip over Hong Kong and its exposure to global tensions, analysts say. Definitive documentation…
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…