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Investing.com -- CK Hutchison, a Hong Kong-based conglomerate, has decided not to hold earnings conferences this week, Reuters reported on Monday.
CK Asset, a property developer in Hong Kong with overseas utility assets, told Reuters that it will not be holding any analyst and media conferences.
The company’s decision comes amidst rising pressure from Beijing authorities over a port deal with a consortium led by BlackRock (NYSE:BLK).
CK Hutchison, known for its diverse business interests, is facing increasing scrutiny from Beijing.
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