CK Hutchison Holdings Ltd Stock News

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.

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.