Hutchison stays mum on US$23 billion step-back from global ports amid brewing controversy

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No event that might require disclosure was identified, Hutchison said, leaving the onus on shareholders to question the company on May 22 during its AGM.

Chairman Victor Li Tzar-kuoi is the elder son of billionaire Li Ka-shing.“Looking ahead to 2025, there may be headwinds with supply chain disruptions anticipated in the early part of the year due to shipping lines transitioning into their new alliances, as well as ongoing geopolitical risk impacting global trade”, Li said in his statement.

Given its first opportunity to respond to the rebuke, Hutchison stayed silent.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong KongChina

Topics: Company Identified Shareholders Hutchison Onus Kong Hong Event Require Disclosure Might

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 17:46:07 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 27189539

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