CK Hutchison Holdings Ltd Stock News

Shares of CK Hutchison 0001.HK fell as much as 4.7% on Monday after China state media criticised the Hong Kong conglomerate's Panama port deal and sources said the deal, which was expected to be signed on April 2, would be delayed.

Chinese state media on Saturday criticised Hong Kong conglomerate CK Hutchison's plan to sell its ports near the Panama Canal to a BlackRock-led group, a day after China's market regulator launched a probe into the deal.

China's market regulator said in a statement on Friday it will review Hong Kong conglomerate CK Hutchison's deal to sell its two port operations near the Panama Canal to a BlackRock-led group in accordance with law to protect fair competition and safeguard public interests.

Hong Kong conglomerate CK Hutchison , led by tycoon Li Ka-shing, will not sign a deal next week to sell its two strategic ports at the Panama Canal to a BlackRock-led group, the South China Morning Post reported on Friday.

Hong Kong conglomerate CK Hutchison Holdings Ltd has started preparations to spin-off its telecommunication assets globally and list the business on the London Stock Exchange, two people with knowledge of the matter said.

CK Hutchison has a deal to sell its Panama Canal ports to BlackRock. But Beijing doesn't like it.

Hong Kong-based conglomerate CK Hutchison is facing intense criticism from Beijing over its ports sale to a BlackRock-led consortium, fuelling speculation as to whether China could take steps to scupper the deal.

Hong Kong-based conglomerate CK Hutchison , which is facing pressure from Beijing authorities over a port deal with a BlackRock-led consortium, will not hold earnings conferences this week, two sources with knowledge of the matter said.