HONG KONG -- Major Hong Kong conglomerate CK Hutchison Holdings is facing mounting pressure from Beijing to cancel the sale of two ports near the Panama Canal.
Business deals
CK Hutchison navigates rough waters in sale of Panama Canal ports
Hong Kong group tries to move forward without angering Beijing or Washington
The Hutchison-operated port of Balboa near the Panama Canal. CK Hutchison struck a preliminary deal to sell operating rights at 43 ports around the world to a U.S. investor group. © Reuters
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