CK Hutchison Holdings (0001.HK)

[weijian]

Pretty sure CK Hutchison is profit seeking but whether in reality, the sale betrays/sells out the Chinese People is debatable. So I reckon the best way to rally your troops to be united for the coming (trade) war, is to whip up nationalistic sentiment.

Hong Kong’s CK Hutchison under fire after China criticism of ports sale to US

On Thursday, the Ta Kung Pao newspaper based in Hong Kong published a commentary saying the deal “betrays and sells out the whole of Chinese people,” neglects national interests and shows CK Hutchison is profit-seeking.

The commentary, reposted on HKMAO’s website, said the US would constrain China’s maritime trade and Chinese companies would face great risks in logistics and supply chains, impacting China’s Belt and Road initiatives.

https://www.businesstimes.com.sg/compani...ts-sale-us

[weijian]

It is interesting that China is becoming more like US, while US is becoming more like China. With the way how things go, the next generation of each country may be more similar to each other than not.

Commentary: China's anger over Panama ports sale is a wake-up call for Hong Kong tycoons

All signs suggest that China’s leadership was blindsided by the deal's announcement. CK Hutchison announced the deal on Mar 4, coinciding with the start of China’s Two Sessions – the annual meetings of the legislative National People’s Congress and the advisory Chinese People’s Political Consultative Conference (CPPCC).

To put this into context, let’s consider the reverse scenario. Say BlackRock decided to sell 43 ports, including those in the Panama Canal and others in 23 countries, valued at US$22.8 billion, to CK Hutchison in Hong Kong. It's easy to envision Mr Trump immediately condemning the deal on his preferred social media platform, Truth Social, citing national security concerns. US lawmakers would likely raise objections and launch congressional investigations to block the deal.

https://www.channelnewsasia.com/commenta...ng-5012966

[specuvestor]

Correction: Besides Hutch Port Trust there are other HK / China ports not in the package

It's a smart move to sell as a package excluding HK/ China so that 1) China can't scuttle the deal 2) It is not just about Panama but the entire business 3) Any issue it is Blackrock to settle with China

Very well thought of deal to avoid being in the political maelstrom, though dragged by it, and good excuse to sell at good price. To invert, imagine the narrative if CK was just selling the panama ports to Blackrock.

I think The ports that the group operates in China and Hong Kong are not affected by the arrangement. is the Hutch Port Trust listed in SGX

On a similar note HK ports started to lose its allure to Pearl River Delta just after the Hutch Port Trust listed in 2011, from being PSA competitor

https://www.timeout.com/hong-kong/blog/h...era-062316

yes 3 years from now we will probably see the sale was +/- 6 months to peak Agree it gives face to all the parties involved and good deal for CK

If I didn't understand wrongly it is for the entire port business that was under old Hutchison including Panama stake... totally out of ports that's a strong call

From Nikkei:
The Li Ka-shing family company agreed to unload the Panama ports and dozens of other
facilities around the world to a consortium of investors led by the world's biggest asset
manager, BlackRock, the company said in a filing late Tuesday. The ports that the group
operates in China and Hong Kong are not affected by the arrangement.

From Caixin Global:
Panama ports: Hong Kong-based CK Hutchison Holdings Ltd. is selling a controlling position in its Panama port business, following pressure on the local government from U.S. President Donald Trump. A consortium led by BlackRock Inc. is buying the stake in Panama Ports Co., which runs two ports near the Panama Canal and more than 40 other ports globally, for around $19 billion. The deal shows the weight that Trump’s words carry: Panamanian authorities audited the company after he threatened to take back the waterway, citing China’s influence on the key U.S. trade route. The canal, which connects the Pacific and Atlantic oceans, was built and controlled by the U.S. until it was gradually handed over from 1977 — which Trump called a “foolish gift that should have never been made.”

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[edragon]

Since this is a proposed commercial transaction not finalised for another 140+ days, and CK Hutchison is a public Company listed in the Cayman, all parties should stick to the usual due diligence and approvals of all involved including minority shareholders. Counter offers/bids should be considered.

[Behappyalways]

Li is toast????

A good watch

'25.03.20【觀點│正經龍鳳配】Pt.1 看衰「一帶一路」！李嘉誠犯了天條？
https://m.youtube.com/watch?v=M22xKYEnO90

[edragon]

SCMP 14-March-2025

"In the US$23 billion sale, unveiled on March 4, CK Hutchison, a flagship unit of the Li family, would sell 80
per cent of Hutchison Port Group to a BlackRock-led consortium. The assets comprise 43 container ports in
23 countries, including a 90 per cent stake in two Panama ports that have been the target of US President
Donald Trump’s ire. A Singaporean state-owned port authority, PSA International, owns the remaining 20
per cent of the group." ... SCMP

Sleeping partner with BlackRock?