China’s fiery criticism of Panama port deal puts pressure on Li Ka-shing family
Beijing's sharp criticism of CK Hutchison Holdings' sale of its port assets near the Panama Canal to a US-led consortium has cast doubt on the deal's completion. The criticism, voiced through a pro-China newspaper article posted on the Hong Kong affairs office website, labels the sale a "betrayal," putting pressure on Li Ka-shing's family to reconsider the divestment.
The $23 billion deal involves CK Hutchison selling 80% of Hutchison Port Group, which includes a 90% stake in two Panama ports, to a BlackRock-led consortium. While analysts believe the deal isn't final due to pending conditions, they also note that it doesn't require approval from Chinese regulators, removing a major hurdle unless CK Hutchison chooses to withdraw.
via SCMP Full Text Feed
Beijing's sharp criticism of CK Hutchison Holdings' sale of its port assets near the Panama Canal to a US-led consortium has cast doubt on the deal's completion. The criticism, voiced through a pro-China newspaper article posted on the Hong Kong affairs office website, labels the sale a "betrayal," putting pressure on Li Ka-shing's family to reconsider the divestment.
The $23 billion deal involves CK Hutchison selling 80% of Hutchison Port Group, which includes a 90% stake in two Panama ports, to a BlackRock-led consortium. While analysts believe the deal isn't final due to pending conditions, they also note that it doesn't require approval from Chinese regulators, removing a major hurdle unless CK Hutchison chooses to withdraw.
via SCMP Full Text Feed
