Hong Kong conglomerate CK Hutchison’s US$22.8 billion global ports sale hung in the balance at the end of 2025, nearly 10 months after it was first announced, as a veteran political commentator said the most expensive terminal acquisition in history was unlikely to come to fruition amid geopolitical tensions.
What began as a strategic exit for billionaire Li Ka-shing’s conglomerate devolved into a high-stakes geopolitical stand-off between Washington and Beijing over the control of global trade…