CK Hutchison vows to use ‘great war chest’ of cash as profits show strain

CK Hutchison vows to use 'great war chest' of cash as profits show strain

Companies

Chairman Victor Li blames ‘geopolitical pressure’ for Panama dispute; port sale talks ongoing

Hong Kong’s CK Hutchison is challenging a Panamanian Supreme Court ruling that stripped the group of its concession to run ports at each end of the Panama Canal. (Nikkei montage/Source photos by Reuters and CK Hutchison website)

KENJI KAWASE and ANNE CHAN

TOKYO/HONG KONG — CK Hutchison Holdings and CK Asset Holdings, the two flagship conglomerates of Hong Kong tycoon Li Ka-shing’s family, reported weaker bottom lines Thursday, while management stressed that the group has the resilience and cash to cope with geopolitical and property market pressure.

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