Hong Kong Chief Executive John Lee notes ‘extensive discussions’ on the sale of the ports to BlackRock and says transactions have to follow the law.
Hong Kong's John Lee stated Hutchison's Panama ports deal must comply with the law amid concerns and a reported mainland Chinese investigation. The deal, selling port operations to a BlackRock-led group for US$23 billion, faces scrutiny, with Beijing criticizing it indirectly. Shares of CK Hutchison Holdings and CK Infrastructure declined following the announcement.
