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