Positive Patent Outlook! Li Ka-shing Sells Panama Canal Project, CK Hutchison Faces Unprecedented Crisis!

TradingKey - CK Hutchison's stock price continues to fall. Today, it dropped over 3%. The future looks unclear.

On Monday, March 31, a report from a Chinese state media outlet caused a stir. Li Ka-shing's family business, CK Hutchison Holdings (CK), saw its shares plunge nearly 5% during trading. It closed down 3.3%.

On March 4, CK announced it would sell the operations of 45 ports in 23 countries to American firm BlackRock. The deal totals $23 billion and is set to be signed on April 2. Following this announcement, CK's stock surged 38% in two days, rising from HK$38 to HK$52.9.

However, on March 10, CK's stock began to slightly decline. On March 13, a Hong Kong newspaper criticized CK for transferring operations of two Panama Canal ports. The article accused CK of lacking integrity and betraying national interests. Notably, the Hong Kong and Macau Affairs Office and the Liaison Office of the Central People's Government shared this article, increasing downward pressure on CK's stock.

On March 28, China's State Administration for Market Regulation announced it would review CK's deal with BlackRock regarding the Panama ports.

Now, uncertainty looms over whether this transaction will proceed as planned. CK faces unprecedented political pressure, and its future looks increasingly uncertain.