‘In the 2024 announcement, Victor Li said CK Hutchison “will constrain capital spending and new investment.” Yet in a March 4 press release, CK Hutchison co-managing director Frank Sixt said his firm would gain more than US$19 billion in cash from selling the 40-odd ports to BlackRock. If CK Hutchison expects a windfall of over US$19 billion, its chairman wouldn’t constrain capital spending and new investment. This suggests the deal is on hold or off.’
Obviously the statement in 2024 saying that they will constrain spending was before the transaction took place on the 4th of March 2025 and therefore the announcement saying that they will receive USD $19 billion, am I missing something here?
This paragraph doesn’t make any sense:
‘In the 2024 announcement, Victor Li said CK Hutchison “will constrain capital spending and new investment.” Yet in a March 4 press release, CK Hutchison co-managing director Frank Sixt said his firm would gain more than US$19 billion in cash from selling the 40-odd ports to BlackRock. If CK Hutchison expects a windfall of over US$19 billion, its chairman wouldn’t constrain capital spending and new investment. This suggests the deal is on hold or off.’
Obviously the statement in 2024 saying that they will constrain spending was before the transaction took place on the 4th of March 2025 and therefore the announcement saying that they will receive USD $19 billion, am I missing something here?