CK Hutchison's (HKG:0001) planned $22.8 billion ports business sale has entered a new stage, with a "reasonable chance" of reaching a deal that is "good for all parties," The Standard reported, citing co-managing director Frank Sixt.

The Hong Kong conglomerate has reportedly invited a "major Chinese strategic investor" into discussions, potentially easing the path to regulatory approval in China, the US, the UK, the EU, and other jurisdictions.

Sixt reportedly said the delay is "not particularly troublesome" as the ports segment is having a strong year, with earnings and cash flow above expectations.

He added that even if binding arrangements are signed this year, closing is unlikely before 2026, the report said.

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