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International Business Times
International Business Times
Business

Chinese Regulator To Vet Panama Ports Deal: Hong Kong Media

Hong Kong CK Hutchison China Hutchison Beijing Li Kashing United States Panama Canal Ta Kung Pao
The business empire built by Hong Kong billionaire Li Ka-shing offloaded its global ports business outside China this month (Credit: 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.

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