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CN Reportedly Demands China COSCO Shipping Corporation to Gain Control in CKH HOLDINGS' Port Sale Deal
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CKH HOLDINGS (00001.HK) has new developments in its transaction to sell 43 port assets, including the Panama Canal port. The Chinese government has not only requested China COSCO Shipping Corporation to join the BlackRock-TiL consortium led by BlackRock but also demanded it to secure a controlling stake, the Wall Street Journal quoted sources as saying. It is reported that China has indicated it will block the deal unless China COSCO Shipping Corporation obtains majority shares. However, White House officials stated that US President Donald Trump has clearly expressed that he will not accept Chinese control of the Panama Canal. AASTOCKS Financial News Website: www.aastocks.com |
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