Latest news with #strategicinvestor
Japan Times
4 days ago
- Business
- Japan Times
CK Hutchison to invite China investor to join port deal
CK Hutchison said it may invite a "major strategic investor' from China to join a group seeking to buy its global ports, as the Hong Kong-based company works toward a solution that pleases all in the geopolitically sensitive deal. The unnamed investor would join as a significant member of the consortium, the company said in a stock exchange filing Monday, hours after the expiry of a 145-day exclusive talks window with the group backed by American asset manager BlackRock. "Changes to the membership of the consortium and the structure of the transaction will be needed for the transaction to be capable of being approved by all relevant authorities,' CK Hutchison said, adding that it "intends to allow such time as is required for such discussions.' State-owned China Cosco Shipping was negotiating a powerful role for itself as a condition to join the consortium, it was reported last week. Shares of Hong Kong billionaire Li Ka-shing's firm oscillated between gains and losses after the announcement. The stock was up 0.4% as of 10:58 a.m. in in Hong Kong on Monday. Cosco Shipping Holdings, the listed unit of China Cosco, was down 3.11%. Monday's confirmation about a Chinese investor will likely help remove the obstacles that have been holding back the deal. Beijing has so far viewed the sale of CK Hutchison's 43 ports as a threat to its interests because it includes transfer of two ports along the strategically important Panama Canal to the group backed by BlackRock — which China considers a proxy for American influence. Chinese authorities separately warned the parties involved not to bypass antitrust reviews, so as to prevent them from rushing into a deal. CK Hutchison reiterated its position Monday that it "will not proceed with any transaction that does not have the approval of all relevant authorities.' CK Hutchison's shares, which shot up 37% in the days following the sale announcement on March 4, saw political pressure wipe out all the gains in the space of a month. The stock started rallying again last month as investors flocked back after China Cosco came into play. While it may initially sound like positive news, restricting the group to a few potentially strategic buyers means limited competition in the price discovery process for the asset, according to Ke Yan, head of research at DZT Research in Singapore. "Hence, the deal may not fetch the best price that the company hopes for,' he said. The Cheung Kong Center building (center), which houses the headquarters of CK Hutchison and CK Asset Holdings, in Hong Kong on July 4 | Bloomberg Investors have in recent weeks flocked back to CK Hutchison amid optimism that the 96-year-old Li will seal the deal of his lifetime. If it goes through, the sale will net the group more than $19 billion in cash. The renewed optimism is largely due to China Cosco's interest in playing a role in the buying consortium, alongside BlackRock and Italian billionaire Gianluigi Aponte's Terminal Investment. "Ongoing negotiations and the reported inclusion of Cosco Shipping in the consortium have likely eased concerns over Chinese regulatory hurdles, strengthening investor confidence in the deal's viability,' according to Bloomberg Intelligence analyst Denise Wong. Initially hailed as a smart move by Li to exit a business caught up in global trade tensions, the deal quickly drew the ire of Beijing. It didn't help that President Donald Trump billed the transaction as the return of Panama Canal back to American influence. Challenges remain even as Cosco enters the discussions, David Blennerhassett, an analyst at Quiddity Advisors, wrote on financial analysis platform SmartKarma. That could reverse the current rhetoric and upset Trump, who has a handful of issues already on his plate, he said. CK Hutchison's share price could also be under pressure should talks on the sale drag on, he added. Even with an extended timeline, revised terms or a partial agreement, uncertainty around the deal's value and timing would increase, said Bloomberg Intelligence's Wong. The delay may also fuel concerns about regulatory and policy challenges, she said. Investors will be watching out for more answers to questions surrounding the deal, including what role the Chinese side will play in the consortium, said Gary Ng, a senior economist at Natixis. The controversial deal has also weighed on Li and his family's other businesses. Younger son Richard's talks to expand his insurance business into mainland China have stalled after the ports deal upset Beijing, it was reported earlier this month. That followed another report in March that China told its state-owned firms to hold off on any new collaboration with businesses linked to the Li family. The original structure of the buyer consortium was designed to give the Aponte family-controlled Terminal Investment ownership of all the ports except the two in Panama, whose control will go to BlackRock's Global Infrastructure Partners unit.
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
CK Hutchison Seeks to Include China Investor in Panama Port Deal
CK Hutchison 1 2.20%increase; green up pointing triangle Holdings is in talks with a BlackRock-led consortium to include a strategic investor from China to push ahead with its plans to sell ports on either end of the Panama Canal. Although the exclusive negotiations period with the consortium has expired, CK Hutchison said Monday that it was in talks with them to invite a strategic investor from mainland China.
Yahoo
16-06-2025
- Business
- Yahoo
Quimbaya Gold Doubles Private Placement to $4 Million on Back of Strategic $2M Commitment
Upsize driven by cornerstone investment from a strategic investor group with a strong conviction in Company's Colombian exploration focus NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia--(Newsfile Corp. - June 16, 2025) - Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") is pleased to announce that it has upsized its previously announced non-brokered private placement financing from approximately $2,000,000 to $4,000,000 (the "Offering"), following a cornerstone investment from a strategic investor group with a long-term vision for Quimbaya Gold. No commissions are payable in connection with this strategic investment. The Company views this as a meaningful endorsement of its regional-scale exploration strategy in Colombia and the progress made to date across its flagship Tahami project. The private placement is expected to close on or about June 27, 2025, and remains subject to customary closing conditions and regulatory approvals. All securities issued pursuant to the Offering will be subject to a four-month and one-day hold period in accordance with applicable securities laws. "To see this level of conviction from a well-informed, long-term strategic investor Group with an impressive track record in the industry speaks volumes," said Alexandre P. Boivin, President & CEO of Quimbaya Gold. "We've always believed in the strength of our portfolio, and this capital not only enhances our flexibility, it accelerates our ability to demonstrate that potential with our upcoming drilling campaign" Up to 11,428,572 units of the Company (each, a "Unit") may be sold by the Company, pursuant to the upsized Offering, at a price of $0.35 per Unit for aggregate gross proceeds of up to approximately $4,000,000. Each Unit will be comprised of one common share in the capital of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one Share at a price of C$0.60 per Share for a period of 36 months from the issuance date of the Offering. Proceeds from the financing will be used to advance exploration on Quimbaya's 100% controlled gold assets in Colombia, most importantly the Tahami project in Segovia, adjacent to Aris Mining, and for general working capital purposes. The Company appreciates the strong interest shown by new and existing shareholders and looks forward to sharing a more detailed operational update in the near future. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company in the United States, nor shall there be any sale of such securities in any State in which such offer, solicitation or sale would be unlawful. About the Tahami South Project Tahami South is a 2,023 hectares gold exploration project located in the Segovia Zaragoza mining district of Antioquia, Colombia, one of the country's most prolific gold belts. The project lies just northeast of Aris Mining's Segovia operation and is centered on a structural corridor known to host high-grade epithermal vein systems. Quimbaya Gold is advancing Tahami South as a high-priority asset with potential for district-scale discovery. About Quimbaya Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia. Contact Information Alexandre P. Boivin, President and CEO apboivin@ Jason Frame, Manager of Communications +1-647-576-7135 Quimbaya Gold on X @quimbayagoldincFollow on LinkedIn @quimbayagoldFollow on Instagram @quimbayagoldincFollow on Facebook @quimbayagoldinc Cautionary Statements Certain statements contained in this press release constitute "forward-looking information" as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements herein include statements and information regarding the Offering, including its timing, intended closing date, intended use of proceeds and intended gross proceeds, any expected issuance of the Units or the Shares and Warrants which comprise them, a commitment by any person to purchase Units pursuant to the Offering, receipt by the Company of any applicable regulatory approval, the future plans for the Company, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company's properties and any results thereof, the strength of the Company's mineral property portfolio, the potential discover and potential size of the discovery of minerals on any property of the Company's, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Offering as described herein will close on terms materially similar to the terms described herein. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company's mineral properties; an inability to finance the Company; obtaining required permitting on the Company's mineral properties in a timely manner; any adverse changes to the planned operations of the Company's mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company's projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company's ability to comply with environmental, health and safety laws. Although Quimbaya's management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change. To view the source version of this press release, please visit
