Reported about 9 hours ago
CK Hutchison is in discussions to invite a Chinese strategic investor into its $22.8 billion ports business bid after Beijing raised concerns about the deal amidst rising Sino-U.S. tensions. Following the end of exclusive talks with a consortium led by BlackRock and shipping firm MSC, the company aims to restructure the deal to gain regulatory approval, emphasizing that any transaction must receive consent from relevant authorities.
Source: YAHOO