Source: International Business Times
The business empire built by Hong Kong billionaire Li Ka-shing offloaded its global ports business outside China this month AFP China's market regulator said it will review Hong Kong conglomerate CK Hutchison's sale of Panama Canal ports to a US-led consortium, a Beijing-backed newspaper in Hong Kong reported on Friday. The business empire built by Hong Kong billionaire Li Ka-shing offloaded its global ports business outside China -- including operations in the vital Central American canal -- this month to a group led by giant asset manager BlackRock for $19 billion in cash. The State Administration for Market Regulation was "aware of this transaction and will conduct a review in accordance with the law, to protect fair market competition and public interest", a spokesperson for the regulator said, quoted by Beijing-backed newspaper Ta Kung Pao.
