China chose Hong Kong's billionaire Li Ka-Sin's designed Panama port sales to a group supported by Blackrock Inc., while Donald Trump applied for the preferred treatment for US ships, adding uncertainty about whether the blockbuster deal is working.
The Chinese market regulator said on Sunday that his own CK Hutchison Holdings Ltd. An overview of the sale of dozens of ports would cover all those involved and that the transaction should not be applied without the consent of the body.
Although the transaction only concerns CK Hutchison's assets outside China and Hong Kong, the regulator has its ownstatementThe claim is held in the Big Business of Beijing Control in the Hinese region.
The US and China are embroidered on a war of words above the Panama Canal, which deals with about 3% of the global maritime trade, with the US and China two main users. It piles up for further political pressure when he tries to sell two Panama ports, putting it in the cross beams of the US and China.
The pressure on both sides emphasizes the increasingly sophisticated business environment that CK Hutchison and other major global companies have to move as trade tensions between the two largest economy in the world are increasing.
Trump began to reclaim the US soon after taking office, and Beijing's recent statements follow his call “free“Passing American ships through Panama and Suez channels.
“These channels would not exist without the United States,” Trump wrote in a true social post on Saturday, saying he had asked the Secretary of State Marco Rubio to take care of the situation immediately.
In the meantime, China recently said to its country -owned businesseswake upIn any new cooperation with companies related to the 96-year-old Li and his family, Bloomberg said in March, who had his plans to sell them to the global consortium.
Relevant companies must follow national laws and “suspend the relevant transactions immediately” according to opinion In a newspaper in favor of Beijing He kung paoTo. Otherwise, the “consequences are very serious.”
“American Consortium Blackrock”
The transaction was first announced in March and includes 43 CK Hutchison ports in 23 countries. If you continue working on a transaction including diligence, accounting and tax control, CK Hutchison is alreadyskippedThe goal of signing the part of the Panama to graduate by April 2. Once it is completed, the deal Neto CK Hutchison is $ 19 billion in cash.
Its Wall Street Journal This month he announced that there were discussions on the separation of two Panama ports over $ 22.8 billion to buy dozens of ports from CK Hutchison. He called it something other than “manipulating public relations”.
“No matter how the name is changed, the theme of the transaction has always been the American Consortium Blackrock,” the output said.
This story was originally reflected on Fortune.com
