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    PhilWeb Elects Conglomerate Leader Lance Y. Gokongwei as Chairman to Accelerate AI Infrastructure and Transnational Ecosystem Expansion

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CE slams ‘bullying tactics’ amid ports deal concerns

Purton by Purton
18 March 2025
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Chief Executive John Lee said concerns expressed over CK Hutchison’s deal to sell its global port operations to a US consortium are worthy of “serious attention,” saying foreign governments should provide a fair environment for deal-making.

He made the comment on Tuesday, when asked about Beijing officials re-posting of articles criticising the deal, which also included the selling of the firm’s operations at the Panama Canal.

The sale came after US President Donald Trump reportedly asked the military to draw up plans to ensure American access of the canal.

Before the weekly Executive Council meeting, Lee said foreign governments should ensure that global trades are made in a fair manner.

“The Hong Kong SAR government urges foreign governments to provide a fair and just environment for enterprises, including enterprises from Hong Kong,” he said.

“We oppose the abusive use of coercion or bullying tactics in international economic and trade relations.”

Lee added that the SAR government will ensure that any transactions are made in accordance with the law.

Meanwhile, CK Hutchison and CK Assets announced that they will not hold press and investors briefings on Thursday, when they release annual results.

Tags: Hong Konglocal
Purton

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