Ministry of Commerce: Cheung Kong Group's sale of port transactions must not bypass review.
According to the Wisdom Financial APP, on May 15th, the Ministry of Commerce held a routine press conference. The spokesperson for the Ministry of Commerce, He Yongqian, stated that since March of this year, relevant departments have issued multiple statements emphasizing that the sale of ports by Cheung Kong Group will be reviewed in accordance with the law to protect fair market competition and uphold public interests. The parties involved in the transaction must not attempt to circumvent the review in any way, and must not implement the concentration before obtaining approval, otherwise they will bear legal responsibility. It is hoped that relevant companies will maintain a clear understanding of this and act prudently.
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