CK Hutchison at 3-month high on report Chinese firms may jointly buy ports

ReutersJun 13, 2025 4:44 AM

Shares of Hong Kong-based conglomerate CK Hutchison 0001.HK climb 1.9% to HK$47.95, their highest point since March 13, and on course a third straight session of gains, if current trend holds

Stock marks its biggest one-day pct gain since June 3, and is top pct gainer in Hang Seng Composite Index tracking conglomerates .HSCIC, which is up 1.4%

Chinese ports operator China Cosco Shipping Corporation is among the firms in talks to participate in a global consortium seeking to buy 43 ports from billionaire Li Ka-shing-owned CK Hutchison, Bloomberg News reported on Thursday

CK Hutchison and China Cosco Shipping didn't immediately respond to Reuters requests for comment

The deal has been through weeks of global scrutiny and criticism in China and the U.S. over CK Hutchison's plan to sell the ports to a consortium, previously led by U.S. investment firm BlackRock BLK.N. BlackRock remains part of the group

Hang Seng Index .HSI slips 0.7%

YTD, stock up 13.4%

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