CKH HOLDINGS(HK:00001) Sou Hu Cai Jing·2025-03-29 19:22Core Viewpoint - Li Ka-shing's attempt to sell port operations in Panama to BlackRock for $22.8 billion has faced significant backlash, leading to a decision to delay the agreement due to regulatory scrutiny and geopolitical tensions [1][5][7]. Group 1: Transaction Details - Li Ka-shing's company, CK Hutchison Holdings, planned to sell port operations across 43 ports in 23 countries, including two in Panama [1]. - The deal was set to be signed on April 2, but the Chinese market regulator indicated that it would require antitrust review [3][8]. - The potential sale raised concerns about national interests, particularly regarding China's Belt and Road Initiative and global trade implications [5][7]. Group 2: Market Reaction - Following the news of the potential sale, CK Hutchison Holdings experienced a market value loss exceeding HKD 78.1 billion [7]. - The situation has created a challenging position for Li Ka-shing, as the company navigates the complexities of international relations and market pressures [10]. Group 3: Regulatory and Political Context - The Chinese market regulator has committed to reviewing the transaction to ensure fair competition and protect public interests [3]. - The U.S. State Department expressed satisfaction with the potential for American investors to control the ports, indicating geopolitical stakes in the transaction [8].