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CK Hutchison Executive Defends Delay in Panama Ports Deal

CK Hutchison Holdings faces a 92% interim profit drop due to HK$10.47 billion one-off costs linked to a delayed US$23 billion sale of 43 overseas ports, including Panama Canal sites.

  • On Aug 14, CK Hutchison Holdings revealed a 92 per cent plunge in interim profit due to HK$10.47 billion in one-off costs, and its US$23 billion ports sale will not be completed this year.
  • Amid Beijing's regulatory scrutiny, CK Hutchison said on July 28 it was in talks to include a Chinese major strategic investor in the ports bid.
  • Despite sale delays, the port business delivered stronger earnings and cash flow this year, as CK Hutchison Holdings reported an 11% rise in underlying profit to HK$11.3 billion.
  • Shares recovered to US$6.6 on Thursday, up nearly 40 percent from their April low, despite 12-month forward EPS forecasts sinking to their lowest since 2009.
  • Given the deal's size and complexity, closing would not occur this year, and street analysts say progress has been pushed to next year, Sixt stated.
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U.S. News broke the news in New York, United States on Wednesday, August 13, 2025.
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