Chinese authorities are scrutinizing CK Hutchison Holdings Ltd.’s sale of its overseas port businesses, according to people familiar with the matter. This comes amid indications that Beijing is dissatisfied with the Hong Kong conglomerate’s divestment of its Panama operations under US pressure.
Several Chinese agencies, including the State Administration of Market Regulation (SAMR), have been directed by senior state leaders to examine the deal for any potential security breaches or antitrust violations.
— news from Bloomberg