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CN Reportedly Approaches Billionaires/ SOEs to Study Acquisition of CKH Ports
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CKH HOLDINGS (00001.HK)'s proposed sale of its assets containing the Panama ports to a BlackRock-led consortium remains uncertain, as the Chinese government has approached a number of Chinese and Hong Kong billionaires, as well as SOEs, to see if they are interested in acquiring these ports, the Wall Street Journal quoted sources as saying. Earlier, a top auditor of Panama said that CKH HOLDINGS owed hundreds of millions of dollars in unpaid fees, and had failed to obtain the necessary permits for two key ports on the Panama Canal. Chinese state-owned shipping giants such as COSCO Container Lines Co., Ltd. and China Merchants Group (CMG) have begun informal talks with CKH HOLDINGS to potentially take over some of the ports if the BlackRock deal fails, the sources added. The Chinese government has also been striving to find an alternative buyer for BlackRock's deal with CKH HOLDINGS if it is pulled down, the report quoted another insiders as saying. AAStocks Financial News |
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