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CK Hutchison Holdings Limited (CKHUF)

5.22

-0.44

(-7.77%)

At close: April 23 at 4:00:00 PM EDT

Exclusive: Singapore's PSA weighs selling 20% stake in CK Hutchison's ports business, sources say

SINGAPORE (Reuters) -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. Tycoon Li Ka-shing's CK Hutchison announced last month it would sell its 80% holding in the business which includes two ports along the strategically important Panama Canal to a BlackRock-led consortium. U.S. President Donald Trump hailed the deal as a "reclaiming" of the canal.

Reuters yesterday

CKHUY
+0.18%
Shipping Tycoons Discuss Separating Panama Ports From Hutchison Deal

Mediterranean Shipping Co. explores parallel tracks for contested Panama Canal ports and the rest of the deal with BlackRock.

The Wall Street Journal 7 days ago

CKHUF
-7.77%
CKHUY
+0.18%
BLK
Italian Billionaire Just Outplayed BlackRock in a $19 Billion Global Port Grab

Li Ka-shing cashes out as Gianluigi Aponte's TiL quietly takes control of 41 ports worldwide

GuruFocus.com 9 days ago

BLK

CKHUY
+0.18%
Market Chatter: BlackRock to Take 51% Stake in Panama Ports in Deal With CK Hutchison

BlackRock's (BLK) Global Infrastructure Partners is set to acquire a 51% stake in two ports along th

PREMIUM
MT Newswires 9 days ago

CKHUY
+0.18%
BLK
Italian tycoon emerges as lead investor for CK Hutchison ports, Bloomberg News reports

The Aponte family's Terminal Investment Ltd (TIL), which manages a diverse portfolio of container terminals according to its website, will be the sole owner of all the ports once the deal is completed, except for two in Panama that would be controlled by BlackRock Inc, Bloomberg reported. BlackRock's Global Infrastructure Partners will own 51% of the two ports near the Panama Canal, while TIL will own the rest.

Reuters 10 days ago

CKHUY
+0.18%
CK Hutchison invested $1.7 billion in Panama, surpassing obligations, it says

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. Panama Ports Company (PPC), in which CK Hutchison owns a 90% stake, had its 25-year operating concession for the Balboa and Cristobal ports renewed in 2021. The Panamanian government launched an audit of the contract in January, potentially complicating a high-profile deal by a group led by U.S. investment firm BlackRock for most of CK Hutchison's global port business, including the two ports.

Reuters 14 days ago

CKHUY
+0.18%
BLK
Hong Kong company denies that it failed to pay Panama under a contract to operate its canal ports

A subsidiary of a Hong Kong conglomerate that is embroiled in U.S.-China tensions over its Panama Canal port assets denied allegations Wednesday that it had failed to pay about $1.2 billion to the Central American country. The authority's accusations came the same day as U.S. Defense Secretary Pete Hegseth's arrival in the country to participate in a security conference. The Panama Ports Company, or PPC, defended itself in a statement Wednesday, saying it had made significant investments that exceeded $1.69 billion, surpassing the $50 million investment required under the original concession contract signed in 1997.

Associated Press Finance 14 days ago

CKHUY
+0.18%
Panama Says CK Hutchison Owes $300 Million, Putting Port Sale in Limbo

Panama's top auditor will file criminal charges and brief the agency which oversees the U.S.-coveted ports and has the power to terminate the new BlackRock contract.

Sourcing Journal 15 days ago

CKHUY
+0.18%
BLK
Panama Casts Doubt on BlackRock Canal Ports Deal Touted by Trump

The country’s top auditor said CK Hutchison owes the government $300 million, posing a hurdle to a plan touted by Trump to bring the ports under U.S. control.

The Wall Street Journal 15 days ago

BLK

CKHUF
-7.77%
CKHUY
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Explainer-Could Panama throw a new wrench into BlackRock's ports deal?

BlackRock could hit another roadblock in its attempt to secure control of two flagship ports near the Panama Canal once the Central American country releases an audit on a 25-year concession granted to Hong Kong-based CK Hutchison. Final signature of the deal in Panama, part of a broader $22.8 billion transaction between a BlackRock-led group and CK Hutchison including over 40 ports in 23 countries, is expected to be delayed as criticism grows in China, sources told Reuters last week. The deal's definitive documentation was initially expected to be signed by April 2, BlackRock and CK Hutchison said last month when they announced the deal.

Reuters 21 days ago

BLK

CKHUY
+0.18%
China Restricts Companies From Investing in US as Tensions Rise

(Bloomberg) -- China has taken steps to restrict local companies from investing in the US, according to people familiar with the matter, in a move that could give Beijing more leverage for potential trade negotiations with the Trump administration.Most Read from BloombergMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLondon Clears Final Hurdle for More High-Speed Trains to EuropeLocal Governments Vie for Fired Federal WorkersWhat Frank Lloyd Wright Learned From the D

Bloomberg 21 days ago

BLK

CKHUF
-7.77%
CKHUY
+0.18%
Doubts over CK Hutchison port deal add to concerns about China's grip over Hong Kong

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. CK Hutchison did not immediately respond to a Reuters request for comment. The CK Hutchison transaction, which would bring the firm more than $19 billion, has remained under attack this week from pro-Beijing media depicting it as a betrayal of China and a potential violation of national security.

Reuters 21 days ago

CKHUY
+0.18%
BLK
Shares of CK Hutchison climb 1% amid China criticism of Panama ports deal

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. Reuters reported on Friday that CK Hutchison had delayed part of the sale, although sources said the deal has not been called off. Pro-Beijing media have published a series of reports criticizing the deal, depicting it as a betrayal of China.

Reuters 23 days ago

CKHUY
+0.18%
CK Hutchison Shares Fall as Li Ka-shing Mulls Ports Deal Delay

(Bloomberg) -- CK Hutchison Holdings Ltd. shares dropped the most in nearly two weeks after reports that Hong Kong billionaire Li Ka-shing is considering delaying the signing of a controversial deal to sell the company’s Panama Canal ports to a consortium including BlackRock Inc.Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High

Bloomberg 24 days ago

CKHUY
+0.18%
^HSI
Pro-Beijing media ramp up attack on CK Hutchison ports deal

HONG KONG (Reuters) -A pro-Beijing Hong Kong newspaper stepped up criticism of CK Hutchison's deal to sell its Panama ports to a BlackRock-led group, sending its shares lower on Monday, as sources said the transaction, due to be signed by April 2, would be delayed. The deal has become highly politicised as the Hong Kong conglomerate is thrust into the cross-hairs of an escalating China-U.S. trade war that has deepened concerns the financial hub's edge will erode further amid geopolitical tensions. CK Hutchison's shares have dropped 12.9% since the close on March 13 - when it was first criticised by state media - to Monday's intraday low of HK$43.05, wiping off HK$24.3 billion in market value.

Reuters 24 days ago

CKHUY
+0.18%
Hong Kong's CK Hutchison says no decision made on telco spin off

The board of Hong Kong conglomerate CK Hutchison said on Monday it has not made any decision on its global telecommunications business, in response to media reports about a potential spin-off listing of the assets. "From time to time, the Group receives proposals and explores and evaluates opportunities that may be available, with a view to enhancing long term value to shareholders, including possible transactions relating to the assets and operations of the company's global telecommunication businesses," the board said in a stock exchange filing. Reuters reported on Friday, citing sources, the company is mulling a spin-off of global telecom assets and would list the business on the London stock exchange.

Reuters 24 days ago

CKHUY
+0.18%
China state media blasts CK Hutchison's Panama port deal in soon-deleted post

BEIJING (Reuters) -Chinese state media attacked Hong Kong conglomerate CK Hutchison's plan to sell its ports near the Panama Canal to a BlackRock-led group in a social media post on Saturday that was taken down minutes later. The social media account linked to state broadcaster CCTV said China had significant national interests in the transaction and the sale was "tantamount to handing a knife to an opponent." As a Hong Kong company, CK Hutchison should be careful about how it handled deals that could harm China's national interest, said the post from the account Yuyuantantian on social media platform Weibo.

Reuters 25 days ago

CKHUY
+0.18%
China’s Antitrust Regulator Preps Probe of Panama Ports Deal

CK Hutchison has reportedly delayed the sale of ports on both sides of the Panama Canal to BlackRock, but the deal has not been called off.

Sourcing Journal 26 days ago

CKHUY
+0.18%
Panama Ports Deal Touted by Trump to Miss April 2 Deadline

China’s antitrust regulator said it would review a $23 billion deal that would shift control of two ports in Panama to an investor group led by BlackRock.

The Wall Street Journal 26 days ago

CKHUF
-7.77%
CKHUY
+0.18%
BLK
China Freezes Out Asia's Richest Tycoon After $19 Billion Deal with BlackRock

Beijing targets Li Ka-shing's empire as geopolitical tensions flare -- but the billionaire's blockbuster sale powers ahead.

GuruFocus.com 26 days ago

BLK

CKHUY
+0.18%

Performance Overview

Return	CKHUF	HANG SENG INDEX (^HSI)
YTD	-4.31%	+9.22%
1-Year	-1.47%	+27.37%
3-Year	-1.47%	+6.16%

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CK Hutchison Holdings Limited (CKHUF)

Exclusive: Singapore's PSA weighs selling 20% stake in CK Hutchison's ports business, sources say

Shipping Tycoons Discuss Separating Panama Ports From Hutchison Deal

Italian Billionaire Just Outplayed BlackRock in a $19 Billion Global Port Grab

Market Chatter: BlackRock to Take 51% Stake in Panama Ports in Deal With CK Hutchison

Italian tycoon emerges as lead investor for CK Hutchison ports, Bloomberg News reports

CK Hutchison invested $1.7 billion in Panama, surpassing obligations, it says

Hong Kong company denies that it failed to pay Panama under a contract to operate its canal ports

Panama Says CK Hutchison Owes $300 Million, Putting Port Sale in Limbo

Panama Casts Doubt on BlackRock Canal Ports Deal Touted by Trump

Explainer-Could Panama throw a new wrench into BlackRock's ports deal?

China Restricts Companies From Investing in US as Tensions Rise

Doubts over CK Hutchison port deal add to concerns about China's grip over Hong Kong

Shares of CK Hutchison climb 1% amid China criticism of Panama ports deal

CK Hutchison Shares Fall as Li Ka-shing Mulls Ports Deal Delay

Pro-Beijing media ramp up attack on CK Hutchison ports deal

Hong Kong's CK Hutchison says no decision made on telco spin off

China state media blasts CK Hutchison's Panama port deal in soon-deleted post

China’s Antitrust Regulator Preps Probe of Panama Ports Deal

Panama Ports Deal Touted by Trump to Miss April 2 Deadline

China Freezes Out Asia's Richest Tycoon After $19 Billion Deal with BlackRock

Performance Overview