CKH Holdings (former Cheung Kong Hutchison) 0001

[winston]

not vested

‘A betrayal’: Beijing office on Hong Kong runs scathing attack on Hutchison’s Panama deal

Conglomerate under fire over bombshell announcement it is selling Panama Canal port operations in deal led by US firm BlackRock

The Hutchison Port Group owns 43 container ports in 23 countries, including a 90 per cent stake in the Balboa and Cristobal docks at either end of the Panama

Hong Kong tycoon Li Ka-shing’s company CK Hutchison Holdings, which recently sold its Panama Canal ports, should think twice about which side it wants to stand with, according to a scathing newspaper commentary posted by Beijing’s top office for the city’s affairs on its website.

Citing criticisms calling the deal a “betrayal of all Chinese people”, the commentary was first published by pro-Beijing publication Ta Kung Pao and shared in full by Beijing’s Hong Kong and Macau Affairs Office on its official website on Thursday night.

The move prompted immediate speculation on whether the blistering attack on Hutchison reflected the central government’s thinking and was an indirect way to pile pressure on the company to re-examine the transaction.

Source: SCMP

https://www.scmp.com/news/hong-kong/art ... hison-deal

[behappyalways]

Li Ka-shing: "Happy but Painful"! Chinese people should not be too indulgent!

25.03.06【觀點│正經龍鳳配】Pt.1 李嘉誠「爽假痛」！中國人別濫情！

https://m.youtube.com/watch?v=yxU_Jlpude8

[winston]

not vested

<Research>G Sachs: CKH HOLDINGS (00001.HK) to Record Net Cash After Port Asset Disposal

CKH HOLDINGS (00001.HK) announced that it reached an agreement with the BlackRock-TiL consortium to sell its 80% stake in Hutchison Port Holdings (HPHS), a deal that is expected to generate cash proceeds of over US$19 billion for CKH HOLDINGS.

Excluding Hutchison Port Trust and ports in mainland China and Hong Kong that are not covered by this transaction, the port assets sold in this transaction will have a handling capacity of 48 million TEUs in FY2023, which will contribute to more than 21% of the full-year revenue and about $11.8 billion of EBITDA, Goldman Sachs released a research report saying.

Related News: UBS Upgrades CKH HOLDINGS (00001.HK) to Buy, Lifts TP to $59.5

It is expected that the potential cash income of US$19 billion will be roughly equivalent to the market capitalization of CKH HOLDINGS on the last trading day, and that the Group's debt burden ratio (DBR) will turn from approx. 16.4% to a net cash position by the end of 2024.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news

[behappyalways]

Beijing Fumes Over BlackRock's Panama Port Deal With CK Hutchison
https://www.zerohedge.com/geopolitical/ ... -hutchison

[winston]

Why billionaire Li-Ka-shing’s Panama ports deal infuriated China

The billionaire has been reducing his group’s exposure to Greater China for decades now and only 12 per cent of CK Hutchison’s revenue comes from operations in the mainland and Hong Kong

Sell 43 ports in 23 countries and keep facilities in mainland China and Hong Kong.

At US$19 billion, the proceeds are worth almost as much as CK Hutchison’s market valuation before the deal was announced.

China had planned to use the Panama port issue as a bargaining chip in negotiations with the Trump administration.

The next big step for the deal will be CK Hutchison signing a definitive agreement with the BlackRock-led consortium, which is expected by Apr 2.

The billionaire has been reducing his group’s exposure to Greater China for decades now and only 12 per cent of CK Hutchison’s revenue comes from operations in the mainland and Hong Kong.

Source: Bloomberg

https://www.businesstimes.com.sg/intern ... ated-china

[behappyalways]

Li Ka-shing's selling of Hong Kong angers Xi Jinping!
US-China negotiation chips fall through

李嘉誠賣港惹怒習近平！ 美中談判籌碼落空｜方念華｜FOCUS全球新聞20250319‪@tvbsfocus

https://m.youtube.com/watch?v=BeHzhNO1mgI

[behappyalways]

Li is toast???

A good watch

Poor view on the Belt and Road Initiative! Did Li Ka-shing break the law?
'25.03.20【觀點│正經龍鳳配】Pt.1 看衰「一帶一路」！李嘉誠犯了天條？
https://m.youtube.com/watch?v=M22xKYEnO90

[behappyalways]

China pauses new deals with Li Ka-shing family after Panama ports plan
https://www.theedgesingapore.com/news/c ... ports-plan

Li is toast???

A good watch

Poor view on the Belt and Road Initiative! Did Li Ka-shing break the law?
'25.03.20【觀點│正經龍鳳配】Pt.1 看衰「一帶一路」！李嘉誠犯了天條？
https://m.youtube.com/watch?v=M22xKYEnO90

[behappyalways]

The South China Morning Post (SCMP) reported on Friday that CK Hutchison would not be signing the deal to sell its two ports near the Panama Canal to a BlackRock-led consortium next week.


Li Ka-shing's CK Hutchison mulls global telco assets spin-off, eyes London listing, Reuters reports
https://theedgemalaysia.com/node/749821


Panama Canal Deal Derailed After Beijing Launches Antitrust Probe
https://www.zerohedge.com/geopolitical/ ... rust-probe