CK Hutchison isn't signing Panama ports deal next week
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Bloomberg |
Li Ka-shing’s firm and a BlackRock-led group are finalizing due diligence, tax, accounting and other deal terms, and are still aiming to sign an agreement as planned by April 2, according to people f...
Bloomberg L.P. |
Li Ka-shing is considering delaying the expected signing next week of a controversial deal to sell his Panama Canal ports to a consortium including BlackRock Inc., people with knowledge of the matter...
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While China could argue the sale harms competition or national security, another approach would be to negotiate existing rights for Chinese vessels, legal experts say Beijing has signalled it will turn to its anti-monopoly law to review Hong Kong-based CK Hutchison Holdings' controversial deal to sell its strategic Panama and other ports but legal academics told the Post it could be challenging for it to prove a "real risk" to competition.
Shares in U.S. asset manager BlackRock (BLK) dropped today on reports that Hong Kong-based conglomerate CK Hutchison may not sign off on its
Beijing targets Li Ka-shing's empire as geopolitical tensions flare -- but the billionaire's blockbuster sale powers ahead.
Beijing’s threat to stop a tycoon’s sale of his ports business has dealmakers wondering if they can still operate without political interference.
The US firm is selling its last major asset in the city, Trinity Place, for 900 million yuan (US$124 million), according to sources The world's largest asset manager BlackRock is selling its last major asset in Shanghai for two-thirds of what it paid,
Li Ka-shing's business empire faces scrutiny from China after his company CK Hutchison announced a landmark $19 billion port sale.
Yan joined BlackRock in 2020 and was appointed head of APAC private credit in 2023, the memo showed. Her team has deployed over $200 million in 2024, over $1.8 billion historically and been able to generate a 16% gross internal rate of return in the Asia Pacific Credit Opportunities II fund, the note showed.
Hong Kong stocks rose on Thursday, as investors shrugged off tariffs on car imports by US President Donald Trump and heavy overnight losses on Wall Street. The Hang Seng Index was up 0.5 per cent to 23,