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BUZZ-CK Hutchison hits over 2-year high ahead of ports deal deadline

Reuters
Jul 25, 2025
BUZZ-<a href="https://laohu8.com/S/CKHUF">CK Hutchison</a> hits over 2-year high ahead of ports deal deadline

** Shares of CK Hutchison's 0001.HK climb 2.9% to HK$53.8, their highest since May 2023; set for 12th consecutive session of gains

** Stock on track to end the week up 9.4%, biggest weekly pct gain since early March

** Second-biggest pct gainer on Hang Seng Composite Index tracking conglomerates .HSCIC, which is up 0.9%

** CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with sources saying that a Sunday deadline for exclusive talks was likely to be extended

** The outlook for the deal has been clouded further in recent days, with a source telling Reuters that China Cosco Shipping Corp (COSCO) was also looking to join the consortium to buy the ports business

** COSCO did not respond to a request for comment

** YTD, CK Hutchison up 28.9%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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