Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Li Ka Shing company buta2 double in value, Thanks to Trump Panama deal

views
     
TSZeaXG
post Mar 5 2025, 05:45 PM, updated 9 months ago

Casual
***
Junior Member
342 posts

Joined: Jan 2013


https://finance.yahoo.com/news/blackrock-bu...-161538706.html

QUOTE
The world’s biggest asset manager led a consortium that will buy a controlling stake in Panama ports that had become a political lightning rod and a larger unit that has operations across 23 countries. CK Hutchison, the conglomerate founded by Hong Kong billionaire Li Ka-shing, said it would receive cash proceeds of more than $19 billion from the sale.


CK Hutchisons market cap before today 20% rally is HKD150bil equal to $19bil. Trump just gave $19bil to Li Ka Shing for an asset that he is planning to dispose anyway.

QUOTE
The deal also removes a headache for billionaire Li. As recently as January, his company said it was committed to continue operating in the country, but has faced increased scrutiny amid Trump’s threats. Panama’s government had been weighing whether to cancel the company’s contract, Bloomberg reported last month, and had also initiated an audit.


Win/win deal apparently. Rich bekam richer

Edit:Yikes accidently posted serious /k. Anyways...

This post has been edited by ZeaXG: Mar 5 2025, 05:46 PM
prophetjul
post Mar 5 2025, 06:25 PM

10k Club
********
All Stars
12,268 posts

Joined: Oct 2010

Panama Ports Company (PPC) is a member of Hutchison Port Holdings, which, in turn, is a subsidiary of the firm Hutchison Whampoa Limited, the world's leading maritime port opera- tor with interests in 51 ports in 25 countries around the world.

https://www.hphtrust.com/



 

Change to:
| Lo-Fi Version
0.0118sec    0.19    5 queries    GZIP Disabled
Time is now: 3rd December 2025 - 05:13 AM