Guan Cha Zhe Wang·2025-07-28 05:48Group 1 - The core point of the article is that CK Hutchison Holdings is progressing with the sale of its port business, inviting strategic investors from mainland China to join the consortium, and emphasizing the need for regulatory approvals before any transaction can occur [1][2]. - The exclusive negotiation period with a consortium for the sale of ports to BlackRock, announced on March 4, has expired, indicating that the previous plan to sell for $19 billion is no longer in effect [2]. - Following the announcement, CK Hutchison's stock experienced significant volatility, initially rising and then falling, with a peak price of HKD 54.4 per share, leading to a market capitalization exceeding HKD 208.3 billion [2]. Group 2 - There are ongoing negotiations involving China COSCO Shipping Group seeking to invest in the consortium led by BlackRock and Mediterranean Shipping Company to acquire the 43 ports, including the Panama Canal [2]. - The Chinese Ministry of Foreign Affairs has stated that it is not aware of the details regarding the sale of CK Hutchison's overseas port assets, and the State Administration for Market Regulation will conduct a review to ensure fair market competition [2]. - CK Hutchison has reiterated that it will not proceed with any transactions that are not compliant with regulations and laws [3]. Group 3 - In addition to the port business, other ventures of the Li Ka-shing family have faced controversies, including a corruption case related to a residential project in Kwun Tong, which is being developed by Cheung Kong Property Holdings [4]. - Cheung Kong Property has also been involved in significant price reductions for its residential projects in mainland China, with a notable discount on the Yuchui Garden project in Beijing, which was sold at a 30% discount, dropping to HKD 70,000 per square meter [4].