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CKH Frank Sixt: Introducing CN Strategic Investors Could Facilitate Port Deal w/ Reasonable Chance
Recommend 14 Positive 31 Negative 17 |
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Frank Sixt, Group Co-Managing Director of CKH HOLDINGS (00001.HK), stated during an analyst meeting that the Panama port asset transaction is large in scale, involving numerous countries and regulatory bodies. As the exclusive negotiation period expired on July 27, the Director emphasized that the group will absolutely not proceed with any transaction without obtaining all necessary approvals from relevant regulatory bodies. He further mentioned that the transaction has now entered a new phase, including the previously announced plan to invite major strategic investors from mainland China to join the consortium. By introducing Chinese strategic investors, there is a reasonable chance of reaching an agreement conducive to all parties, although the primary condition is that the agreement must receive approval from all regulatory bodies. He admitted that the progress of the deal has been slower than expected but noted that it is unlikely to be completed within this year, due to the large scale and complexity of the transaction. Even if a binding new agreement is finalized within the year, it is expected that the deal will not be wrapped up until next year. AASTOCKS Financial News Website: www.aastocks.com |
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