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 company said the loss for 2024 could come in at HK$126.6 million (US$16.3 million) versus a profit of HK$17.3 million the previous year
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.