Li Ka-shing’s CK Hutchison Soars After Pulling Out of Panama via USD19 Billion Port Asset Sale
(Yicai) March 5 -- Shares of CK Hutchison Holdings, owned by Chinese billionaire Li Ka-shing, surged over 20 percent after the conglomerate announced the sale of major port assets -- including two strategically significant ports for the United States in Panama -- to a consortium led by American asset manager BlackRock for USD19 billion in cash.
Li Ka-shing family's CK Hutchison to sell Panama port assets to BlackRock
BEIJING -- CK Hutchison, the Hong Kong-based conglomerate owned by tycoon Li Ka-shing's family, has agreed to sell port assets including those at the Panama Canal, where U.S. President Donald Trump objected to what he described as Chinese control.
The company said the loss for 2024 could come in at HK$126.6 million (US$16.3 million) versus a profit of HK$17.3 million the ...
US president’s Panama Canal move, while having made a lot of money for HK tycoon, is more like misdirected fire than a win ...
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Billionaire agrees to $22bn Panama Canal deal after Donald Trump China outrageMost of the stakes in key ports on the Panama Canal are owned by a Hong Kong-based company and are set to be sold off after ...
After a lifetime of dealmaking, 96-year-old Hong Kong billionaire Li Ka-shing may have just pulled off one of his boldest ...
Li Ka-shing's company would have come under increased US scrutiny and risked fight in American court if it held on to ...
Li Ka-shing, Larry Fink and Adebayo Ogunlesi picked up the phone and struck a $36 billion deal to take over 43 ports within ...
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