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China’s fiery criticism of Panama port deal puts pressure on Li Ka-shing family

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China’s fiery criticism of Panama port deal puts pressure on Li Ka-shing family - SCMP

Quick Summary:

The US$23 billion sale is not final, but needs no Chinese or Hong Kong approval, leaving CK Hutchison to decide whether to proceed, analysts say.

A Singaporean state-owned port authority, PSA International, owns the remaining 20 per cent of the group.“It is a complex and large deal and is still pending confirmatory due diligence and regulatory approvals from where CK Hutchison’s ports are located,” Zerlina Zeng and Zoey Zhou from debt-research firm CreditSights said in a written reply to the Post.“That said, all disposal targets are outside China/Hong Kong, and thus the deal is not subject to the approval of Chinese regulators or authorities in Hong Kong, other than complying with [bourse operator Hong Kong Exchanges and Clearing’s] listing rules.

There were no major hurdles to its completion, as long as CK Hutchison wanted to proceed, they said.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 20:00:20 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 280 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26990331

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About SCMP

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 13 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 4 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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  • URL: https://chronographically.beamstart.com/news/chinas-fiery-criticism-of-panama-17419541672021

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