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CKH HOLDINGS' Port Sale Deal Negotiations Set to End on Sun, but Reported to Be Extended Further; Likelihood of ST Conclusion Low
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The deadline for exclusive negotiations on CKH HOLDINGS (00001.HK)'s plan to sell its port business is Sunday (27th), but it may be extended, Reuters quoted sources as saying. The deal is unlikely to be completed in the short term amid ongoing political maneuvering. The transaction involves 43 ports in 23 countries, including the highly controversial Panama Canal port. The negotiations have lasted 145 days, and are set to conclude on Sunday. However, three sources close to CKH HOLDINGS told Reuters that, even if CKH HOLDINGS fails to sign an agreement on Sunday, the negotiations are unlikely to break down. Both sides will choose to extend the deadline to continue exclusive negotiations. AAStocks Financial News Website: www.aastocks.com |
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