BUZZ-CK Hutchison slips despite assuring legal compliance in ports deal

Reuters
05-13
BUZZ-CK Hutchison slips despite assuring legal compliance in ports deal

** CK Hutchison 0001.HK slips 1.1% to HK$44.7; on track for biggest one-day pct fall since April 24

** Stock set to snap two consecutive sessions of gains

** HK-based conglomerate says its closely monitored ports deal with BlackRock-led consortium would strictly adhere to all required compliance standards

** Notes, "This transaction would never be carried out under any illegal or non-compliant circumstances"

** Adds further details about the deal will be provided at co's annual shareholder meeting on May 22

** YTD, stock up 8.1%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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