A deadline for exclusive talks on a US$23 billion sale of global port stakes by Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings passed without a deal on Sunday, with analysts expecting complex negotiations to be extended amid intense US-China geopolitical rivalry. The controversial transaction involved CK Hutchison selling stakes in 43 ports, including two…
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…
A deal by Hong Kong-based CK Hutchison Holdings to sell all its overseas ports to a consortium led by US firm BlackRock has taken a fresh twist, with the revelation that the new majority shareholder will not be American, but a low profile Italian-Swiss family with ambitions to control global shipping. Sources told the Post…