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Sources say Hong Kong government approached Hutchison immediately after learning on March 4 about the surprise deal to sell its port operations
HONG KONG: A pro-Beijing newspaper has called on CK Hutchison Holdings Ltd to pull out from an agreement to sell its ports on the Panama Canal to a group led by BlackRock Inc, marking an escalation of a pressure campaign on billionaire Li Ka-shing over the deal.
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 previous year
CHINA has instructed state-owned firms to pause new deals with businesses linked to Hong Kong billionaire Li Ka-shing and his family after his plan to sell two ports in Panama to a BlackRock-led consortium, Bloomberg News reported on Thursday.
US President Donald Trump had been hammering Panama for weeks over its most valuable asset, the Panama Canal, saying, without evidence, that China operated the waterway. There seemed to be no way Panama could get Washington off its back.
BEIJING: Chinese authorities have increased pressure on CK Hutchison Holdings Ltd over its plan to sell its Panama ports stake by sharing a second newspaper commentary attacking the deal.
GREAT investors rarely fear tumultuous times.
After a lifetime of dealmaking, 96-year-old Hong Kong billionaire Li Ka-shing may have just pulled off one of his boldest transactions yet.
US President Donald Trump's claim that China controls the Panama Canal has placed a Hong Kong tycoon and his conglomerate at the heart of a showdown between the United States and China.
CK Hutchison’s net profit fell 27 per cent to HK$29.1 billion last year, while CK Asset’s underlying profit declined 32.5 per cent to HK$19.34 billion CK Asset unveils US$2.2 billion deal to acquire four European infrastructure assets from the tycoon’s Li Ka Shing Foundation and a share buy-back programme
SINGAPORE: Port operator PSA International, fully owned by Singapore state investor Temasek Holdings, is considering selling its multi-billion dollar, 20% stake in the ports business of CK Hutchison Holdings, two sources familiar with the matter told Reuters.
(Reuters) - Vodafone and CK Hutchison are close to agreeing a 15 billion pounds (about $19 billion) combination of their UK telecoms businesses that would create the country's biggest mobile operator, the Financial Times reported on Thursday, citing three people close to the matter. ($1 = 0.7948 pounds)
The indirect discussion on multiple-home ownership between Housing and Local Government Minister Nga Kor Ming and former Cabinet member Khairy Jamaluddin over various media channels has ignited interest among Malaysians.
SYDNEY: Australia’s federal court approved a planned A$10.9 billion ($7.3 billion) merger of Vodafone Group Plc’s Australian business and local phone company TPG Telecom Ltd., overturning opposition by the country’s competition watchdog.
Hutchison Ports’ ties to Beijing could lead to delays in American civilian and military shipping in case of a conflict with Taiwan, says US lawmakerWashington needs to come up with a better alternative to China’s Belt and Road Initiative, witnesses tell US House select committee on China
The US firm is selling its last major asset in the city, Trinity Place, for 900 million yuan (US$124 million), according to sources
JAKARTA: Malaysian conglomerate Axiata Group and Indonesian group PT Sinar Mas have sought permission from the Indonesian government to merge their telco units, the communications minister told Reuters on Wednesday.
HONG KONG magnate Li Ka-shing lost $1.5 billion in a day, with the value of his sprawling business empire tumbling along with the historic decline in the pound.
All of the UK’s mobile phone network operators face a British class action lawsuit over allegations that the providers overcharged millions of UK mobile customers in a case that could cost them billions.
LONDON (Reuters) - Executives from Vodafone and CK Hutchison's Three UK unit said their 15 billion pound ($18 billion) merger would benefit Britain's consumers, infrastructure and jobs, as lawmakers scrutinise the planned tie-up.
