China's State Administration for Market Regulation (SAMR) recently addressed concerns about CK Hutchison Holdings' overseas port transaction during a press briefing.
A journalist referenced an April 16 report by The Wall Street Journal, which stated that CK Hutchison planned to split the sale of its overseas ports into two separate transactions. The journalist inquired about SAMR's stance on this matter.
In response, SAMR's spokesperson stated, "We are paying close attention to the transaction and will conduct a review in accordance with the law. The parties involved must not adopt any measures to circumvent the review process. Without prior approval, the concentration cannot be implemented. Failure to comply will result in legal consequences."
Related News:
Global media cover Xia Baolong's rebuke of US trade policies toward HK
SAMR: To review CHEUNG KONG's port deal in accordance with law
Comment