China’s Cosco Eyes Veto Rights in Deal for Tycoon Li’s Ports
BloombergTuesday, July 22, 2025 at 3:18:38 AM
China’s state-owned shipping giant Cosco is angling for veto power in a consortium buying Hong Kong billionaire Li Ka-shing’s overseas ports. The move is seen as a way to get Beijing’s approval for the deal, which has raised eyebrows due to its geopolitical implications.
Editor’s Note: This isn’t just another business deal—it’s about China tightening its grip on global trade routes. Cosco’s push for control signals how Beijing wants a bigger say in overseas infrastructure, especially when it involves high-profile assets like Li’s ports. For investors and policymakers, it’s a reminder that even private deals in China often dance to the government’s tune.
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