The stocks rose at Hong Kong Billionaire Li Ka-Seing from CK Hutchison Holdings Ltd. After one of his sons was invited to mix with senior Chinese officials and executives at a high -level meeting in Beijing during the weekend amid the sale of the controversial ports company in Bana in Panama.
Richard Lee was invited as the founder of the Pacific Century Group to the two -day development forum, according to a list of those present, where he mixes with the country’s top leaders including Prime Minister Lee Qiang and CEOs such as Apple Inc. Tim Cook, Pfizer Inc. Albert Bourla and Saudi Aramco Amin Nasser.
While Richard Lee oversees his own business group and has no role in CK Hutchison, the company that sells the port assets, it seems that investors have interpreted this step as a positive sign for the Li family. CK Hutchison shares rose up to 5.2 % on Monday morning, which is more than two weeks.
The pioneering bloc of the International Business Li Ka-Seing Empire, CK HUTCISON at the intersection of the growing tensions between the United States and China. The company, now led by his older son Victor Lee, turn From Beijing since that An agreement announced To sell 43 outlets, including two in Panama, to a consortium led by Blackrock Inc. For $ 19 billion of cash revenues.
While the company kept its ports in Hong Kong and the main righteousness of China, it bothered the sale Beijing after US President Donald Trump was Describe The Panama channel also recovered from the Chinese influence. Chinese authorities have Start Consider the deal for possible national security violations and anti -monopoly, Bloomberg mentioned earlier this month.
CK Hutchison is expected to sign the agreement to sell Panama Port by April 2.
In an article on Friday, Pro-Beijing Ta Kung PaoUrgingCK Hutchison to withdraw from the deal because it risk violating Hong Kong’s laws on protecting national interests, security and development. The company has exploded because of “overcoming Trump” and “selling all Chinese people” in previous comments, which were re -published by the best office in China in Hong Kong affairs, indicating that criticism reflects the government’s view.
Many prominent politicians in Hong Kong also made the deal, as the city’s leader John Lee undertook to deal with the deal “according to law and regulations.”
CK Hutchison was registered in the Kayman Islands and achieves about 12 % of its revenue from Hong Kong and the main righteousness of China, while Europe, Canada and Australia constitute the largest part of the rest.
This story was originally shown on Fortune.com
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