Analysts suggest it may be time for CDL to professionalise its board and appoint non-family members to lead the company. Read more at straitstimes.com.
CK Hutchison stock gained more than 22% on Wednesday after the Hong Kong conglomerate sold a majority stake in a $22.8 billion ports unit, including assets along the Panama Canal, to a group led by U.
Shares of CK Hutchison were set to open up 2.9% in Hong Kong on Thursday, extending the previous day's 21.9% gain after the sale of its Panama Canal stake to BlackRock .
The completion of the transaction could also lead us to revisit our assessment of CKHH’s business diversification,’ S&P says.
The BlackRock-TiL consortium, comprising financial giant BlackRock and Terminal Investment (TiL), will buy CK Hutchison Holdings' 90% interest in the Panama Ports Company and a total of 43 ports comprising 199 berths in 23 countries,
Decision by Hong Kong-based conglomerate comes as US president pushes for greater control of critical trade route over concerns about China.
CK Hutchison Holdings Ltd., el conglomerado con sede en Hong Kong, acordó vender el control de una unidad que opera puertos cerca del Canal de Panamá tras la presión del presidente de EE.UU. Donald Trump para limitar los intereses chinos en la región.
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