Hong Kong tycoon Li Ka-shing's CK Hutchison Holdings sold its Panama ports business to a group of investors led by BlackRock. What does this episode tell us about Hong Kong today?
US president’s Panama Canal move, while having made a lot of money for HK tycoon, is more like misdirected fire than a win over Beijing.
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
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.
Shares in CK Hutchison soared 25 per cent in Hong Kong on Wednesday (Mar 5) after it agreed to sell its lucrative Panama Canal ports to a US-led consortium under fierce pressure from US President Donald Trump.