Hong Kong's CK Hutchison said on Monday that its closely monitored ports deal would strictly adhere to all required compliance standards and would never be executed illegally.
China's foreign ministry has asked all parties involved in CK Hutchison's planned sale of most of its ports operations to a BlackRock-led consortium to "act prudently," state news agency Xinhua reported on Monday.
China's top market regulator said on Sunday it was paying close attention to CK Hutchison's planned sale of most of its ports operations to a BlackRock-led consortium and parties to the deal should not try to avoid an antitrust review.
Singapore's PSA International is exploring the sale of its 20% stake in CK Hutchison's ports business, two people with knowledge of the matter said, joining the Hong Kong conglomerate in its controversial plans to sell.
Italian billionaire Gianluigi Aponte's family-run business is emerging as the lead investor of a group seeking to buy 43 ports from conglomerate CK Hutchison , Bloomberg News reported on Monday, citing people familiar with the matter.
A company controlled by Hong Kong-based CK Hutchison has invested $1.7 billion in two ports near the Panama Canal, it said on Wednesday, surpassing the amount required under its contract, which is being audited by Panamanian authorities.
An expected delay in a key step in CK Hutchison's planned sale of its Panama ports to a U.S. group, a deal blasted by Chinese media, highlights growing concerns about Beijing's grip over Hong Kong and its exposure to global tensions, analysts say.
Shares of Hong Kong conglomerate CK Hutchison climbed 1% on Tuesday ahead of a deal to sell its Panama ports to a BlackRock-led group that is due to be signed by April 2.
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