Reported 2 days ago
CK Hutchison, a Hong Kong-based conglomerate led by billionaire Li Ka-shing, has recently decided to sell a significant portion of its $22.8 billion ports business, including assets near the Panama Canal, to a group led by BlackRock. This transaction has escalated trade tensions between the U.S. and China, as it touches upon strategic interests and concerns about Chinese influence over critical infrastructure. Founded in 1950, CK Hutchison operates in over 50 countries with diverse business interests, including telecommunications, infrastructure, and retail, solidifying its presence as one of Asia's largest conglomerates.
Source: YAHOO