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Panama Canal: Why tycoon Li Ka-shing challenges Beijing with his port sale

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Published: March 25th, 2025,
Last updated: May 28th, 2025

Hutchison container terminal in the port of Balboa at the Pacific entrance to the Panama Canal.
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Hong Kong’s richest man is pushing ahead with the sale of two ports on the Panama Canal to a US investor, against the wishes of the Chinese central government. To obtain the necessary shareholder approval, Li Ka-shing has offered the shareholders of his company empire CK Hutchison USD 25 per share if they give the go-ahead for the sale. Li’s family and the designated buyer, asset manager BlackRock, hold a combined 35 percent of the shares in Hutchison, which means that only 15 percent of the votes are required for the necessary majority.

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Hongkong Geopolitics Shipping Logistics Beijing Blackrock