How a 96-year-old billionaire from Hong Kong escaped Trump’s glare with $19 billion port deal

  • Posted on March 5, 2025
  • By Business News Today
  • 5 Views
How a 96-year-old billionaire from Hong Kong escaped Trump’s glare with $19 billion port deal

Hong Kong billionaire Li Ka-shing's CK Hutchison Holdings plans to sell its global ports business for over $19 billion to a BlackRock-led consortium, amid pressures from geopolitical tensions. The deal covers 43 ports in 23 countries, helping CK Hutchison navigate political risks while boosting its market value. Analysts commend the valuation, suggesting potential shareholder dividends.
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