Hong Kong's Embattled CK Hutchison Says Profits Down In 2024

CK Hutchison this month offloaded its global ports business outside China -- including operations in the Panama canal -- to a group led by giant asset manager BlackRock for $19 billion in cash (Credit: AFP)

Embattled Hong Kong conglomerate CK Hutchison Holdings, caught in a US-China spat over control of the Panama Canal, said on Thursday that profits fell 27 percent in 2024.

CK Hutchison this month offloaded its global ports business outside China -- including operations in the canal -- to a group led by giant asset manager BlackRock for $19 billion in cash.