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CKH ADR (CKHUY.US) Soars 17% at Close, Setting Record Single-Day Gain
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CK Hutchison Holdings (CKHUY.US) (00001.HK) plans to sell an 80% stake in Hutchison Port Holdings to a BlackRock-led consortium, with its U.S. ADR surging as much as 24% on Tuesday before closing up 17.1% at USD5.82, marking its largest single-day gain on record. The company stated that the transaction is valued at USD14.2 billion, with exclusive negotiations set to last 145 days. Hutchison Port Holdings holds interests in subsidiaries and associates that own, operate, and develop a total of 199 berths across 43 ports in 23 countries. AAStocks Financial News |
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