Group 1 - The core point of the article is the latest progress regarding the sale of the port assets by Cheung Kong Holdings, which is seeking to invite major strategic investors from mainland China to join the consortium involved in the transaction [1][7] - Cheung Kong Holdings announced that the exclusive negotiation period with a consortium has expired, and discussions are ongoing to modify the consortium's membership and transaction structure to obtain necessary regulatory approvals [1][9] - The company emphasized that no transaction will occur until all relevant regulatory approvals are obtained [1][9] Group 2 - Following the announcement, Cheung Kong Holdings' stock price initially surged over 2% before experiencing a rapid decline [3] - The transaction involves the sale of a 90% stake in a Panamanian port company, which operates two ports, as well as 80% effective control rights in 199 ports across 23 countries [8] - The deal is expected to generate over $19 billion (approximately HKD 148.2 billion) in cash revenue for Cheung Kong Holdings [8]

%% %% research.95579.com 行业研究丨深度报告丨建筑与工程 [Table_Title] 数读基建深度 2025M4：基建投资增速波动，关 注后续资金落地 %% %% 1 丨证券研究报告丨 报告要点 [Table_Summary] 1）投资&订单：固定投资增速下滑，PMI 回落；2）实物工作量：水泥出库同比下滑，基建水 泥需求相对平稳；3）项目资金：政府债逐步下发，关注项目资金后续改善。 分析师及联系人 [Table_Author] 张弛 张智杰 袁志芃 SAC：S0490520080022 SAC：S0490522060005 SFC：BUT917 龚子逸 请阅读最后评级说明和重要声明 2 / 21 %% %% %% %% research.95579.com 2 建筑与工程 cjzqdt11111 [Table_Title 数读基建深度2] 2025M4：基建投资增速波动，关 注后续资金落地 [Table_Summary2] 投资&订单：固定投资增速下滑，PMI 回落 4 月制造业 PMI 环比回落至 50 以下，建筑业 PMI 环比亦有下降，建筑业细分项中，各项指标 均有下降，其中新 ...