CK Hutchison shares volatile as China scrutinizes Panama ports sale

Li Ka-shing family empire faces questions over communication with Beijing

2025-03-04T221359Z_183699159_RC2J6DAY1YJ7_RTRMADP_3_CKH-HOLDINGS-PANAMA-BLACKROCK.JPG

Balboa Port, operated by a CK Hutchison group company, is pictured in Panama on March 4, after the sale was announced. © Reuters

KENJI KAWASE

HONG KONG -- The shares of Hong Kong-listed companies controlled by tycoon Li Ka-shing's family empire remained jittery on Monday, with investors unnerved by China's repeated criticism of the conglomerate's sale of global ports, including two at the strategic Panama Canal.

CK Hutchison -- the company that agreed to sell the assets, valued at $22.8 billion, to a consortium led by U.S. investment fund BlackRock -- opened 2.4% lower at 45.15 Hong Kong dollars on Monday, after losing 6.4% on Friday. The stock rebounded later to close up 0.6% at HK$46.55.

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