Hong Kong's CK Hutchison assures legal compliance in ports deal
May 12 (Reuters) - Hong Kong's CK Hutchison (0001.HK), opens new tab said on Monday that its closely monitored ports deal would strictly adhere to all required compliance standards and would never be executed illegally.
"This transaction would never be carried out under any illegal or non-compliant circumstances," the company said in a statement.
The Hong Kong-based conglomerate, controlled by tycoon Li Ka-shing, agreed in March to sell the majority of its $22.8 billion global ports business, including assets along the strategically significant Panama Canal, to a consortium led by BlackRock.
The deal has since drawn global criticism, including from U.S. President Donald Trump, who repeatedly expressed his desire to reclaim the Panama Canal and termed the deal a "reclaiming" of the waterway.
Chinese state media have also condemned the proposed sale, claiming it betrays China's interests.
Earlier in March, a pro-Beijing Hong Kong newspaper amplified the criticism by publishing comments from local politicians and Chinese lawyers who urged CK Hutchison to reconsider the deal and support the decision by Chinese regulators to review the transaction.
CK Hutchison also announced that it would provide further details about the ports deal at its annual shareholder meeting scheduled for May 22.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Western Telegraph
16 minutes ago
- Western Telegraph
At least 34 killed in Israeli strikes in Gaza as ceasefire prospects inch closer
The strikes began late on Friday and continued into Saturday morning, among others killing 12 people at the Palestine Stadium in Gaza City, which was sheltering displaced people, and eight more living in apartments, according to staff at Shifa hospital where the bodies were brought. Six others were killed in southern Gaza when a strike hit their tent in Muwasi, according to the hospital. The strikes come as US President Donald Trump said there could be a ceasefire agreement within the next week. Taking questions from reporters in the Oval Office on Friday, the president said: 'We're working on Gaza and trying to get it taken care of.' A man carries the wrapped body of a child who was killed along with others in an Israeli strike that targeted a school in northern Gaza, at Shifa Hospital in Gaza City (Jehad Alshrafi/AP) An official with knowledge of the situation told The Associated Press that Israel's minister for strategic affairs, Ron Dermer, will arrive in Washington next week for talks on Gaza's ceasefire, Iran and other subjects. The official spoke on condition of anonymity because they were not authorised to speak to the media. Talks have been on and since Israel broke the latest ceasefire in March, continuing its military campaign in Gaza and furthering the dire humanitarian crisis. Some 50 hostages remain in Gaza, fewer than half of them believed to be still alive. They were among some 250 hostages taken when Hamas attacked Israel on October 7 2023, sparking the 21-month-long war. The war has killed more than 56,000 Palestinians, according to Gaza's Health Ministry, which does not distinguish between civilians and combatants. It says more than half of the dead were women and children. There is hope among hostage families that Mr Trump's involvement in securing the recent ceasefire between Israel and Iran might exert more pressure for a deal in Gaza. Israeli Prime Minister Benjamin Netanyahu is riding a wave of public support for the Iran war and its achievements, and he could feel he has more space to move toward ending the war in Gaza, something his far-right governing partners oppose. Hamas has repeatedly said it is prepared to free all the hostages in exchange for an end to the war in Gaza. Mr Netanyahu says he will end the war only once Hamas is disarmed and exiled, something the group has rejected. Palestinians carry humanitarian aid packages near the Gaza Humanitarian Foundation distribution centre in Khan Younis, southern Gaza (Abdel Kareem Hana/AP) Meanwhile, hungry Palestinians are enduring a catastrophic situation in Gaza. After blocking all food for more than two months, Israel has allowed only a trickle of supplies into the territory since mid-May. Efforts by the United Nations to distribute the food have been plagued by armed gangs looting trucks and by crowds of desperate people offloading supplies from convoys. Palestinians have also been shot and wounded while on their way to get food at newly formed aid sites, run by the American and Israeli-backed Gaza Humanitarian Foundation, according to Gaza's health officials and witnesses. Palestinian witnesses say Israeli troops have opened fire at crowds on the roads heading toward the sites. Israel's military said it was investigating incidents in which civilians had been harmed while approaching the sites.
The National
17 minutes ago
- The National
Israeli strikes kill at least 34 in Gaza overnight
The strikes began late on Friday and continued into Saturday morning, among others killing 12 people at the Palestine Stadium in Gaza City, which was sheltering displaced people, and eight more living in apartments, according to staff at Shifa hospital where the bodies were brought. Six others were killed in southern Gaza when a strike hit their tent in Muwasi, according to the hospital. The strikes come as US President Donald Trump said there could be a ceasefire agreement within the next week. Taking questions from reporters in the Oval Office on Friday, the president said: 'We're working on Gaza and trying to get it taken care of.' READ MORE: Jamaican government to take fight for slavery reparations to King Charles An official with knowledge of the situation told The Associated Press that Israel's minister for strategic affairs, Ron Dermer, will arrive in Washington next week for talks on Gaza's ceasefire, Iran and other subjects. The official spoke on condition of anonymity because they were not authorised to speak to the media. Talks have been on and since Israel broke the latest ceasefire in March, continuing its military campaign in Gaza and furthering the dire humanitarian crisis. Some 50 hostages remain in Gaza, fewer than half of them believed to be still alive. They were among some 250 hostages taken when Hamas attacked Israel on October 7 2023, sparking the 21-month-long war. The war has killed more than 56,000 Palestinians, according to Gaza's Health Ministry, which does not distinguish between civilians and combatants. It says more than half of the dead were women and children. Hamas has repeatedly said it is prepared to free all the hostages in exchange for an end to the war in Gaza. Israeli Prime Minister Benjamin Netanyahu says he will end the war only once Hamas is disarmed and exiled, something the group has rejected. Meanwhile, hungry Palestinians are enduring a catastrophic situation in Gaza. After blocking all food for more than two months, Israel has allowed only a trickle of supplies into the territory since mid-May. Efforts by the United Nations to distribute the food have been plagued by armed gangs looting trucks and by crowds of desperate people offloading supplies from convoys. Palestinians have also been shot and wounded while on their way to get food at newly formed aid sites, run by the American and Israeli-backed Gaza Humanitarian Foundation, according to Gaza's health officials and witnesses. Palestinian witnesses say Israeli troops have opened fire at crowds on the roads heading toward the sites. Israel's military said it was investigating incidents in which civilians had been harmed while approaching the sites.
Metro
21 minutes ago
- Metro
Trump told he might be nominated for Nobel Peace Prize by world leader
To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Donald Trump was told by a reporter that he might be nominated for one of the world's most prestigious prizes after his help in brokering a peace deal. The Democratic Republic of Congo and Rwanda have signed a peace deal facilitated by the US to help end the decades-long fighting, which has killed over 6,000,000 people. The agreement, signed on Friday, was lauded by Trump as a 'big day for the world, as Secretary of State Marco Rubio signified how important it was after 30 years of war. The deal, signed by the foreign ministers of the two countries, will also help the US government and American companies gain access to critical minerals needed for much of the world's technology. 'President Félix Tshisekedi is thinking of nominating you for the Nobel Peace Prize. You deserve it,' a reporter told Trump in the White House. 'You have been working to bring peace in the world, not only in the Congo, and he's very hopeful to meet you in the future,' she added. 'Tshisekedi told me that for many years, American presidents have overlooked this conflict. They didn't do anything.' Do you think Trump should be nominated for the Nobel Peace Prize? The fighting between Rwanda and the DRC has been going on for more than 30 years. The tensions began shortly after the Rwandan genocide in 1994, which saw Hutu extremists murder more than 800,000 Tutsis. After the government which allowed the genocide was overthrown, the Hutu extremists fled to the DRC, which borders Rwanda. The dense jungle and lack of government in the rural area allowed the extremist group to hide among civilians and continue their onslaught against Rwanda, leading to multiple wars that have lasted until today. Millions have been killed and millions of others displaced as armed groups took over areas of the DRC. The DRC is known for its mines of cobalt, which is vital for tech, making this conflict even more heightened, as other countries bid to get the natural resources. Official details of the agreement aren't known, but earlier drafts have given an insight into key details of the peace agreement. More Trending Each side would have to respect the other's territory and stop hostilities towards one another. They would also disarm and return refugees and displaced persons to their homes. But the elephant in the room is the minerals across the DRC, which Trump said the US was getting 'a lot of rights to'. The DRC previously offered a deal which would trade some of their precious minerals for a security guarantee, and it appears this might have gone ahead. We'll know more in the coming days, but for now, it appears the two countries have agreed to a historic peace deal. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: Trump warns it 'will only get worse' for Iran as he lays into 'so-called' Supreme Leader MORE: What the US Supreme Court ruling means for Donald Trump's birthright citizenship plan MORE: Donald Trump is already selling 'Daddy' T-shirts for £20
