CK Hutchison at 3-month high on report Chinese firms may jointly buy ports

About this update from Ck Hutchison Holdings Ltd

** Shares of Hong Kong-based conglomerate CK Hutchison HKEX:1 climb 1.9% to HK$47.95, their highest point since March 13, and on course a third straight session of gains, if current trend holds ** Stock marks its biggest one-day pct gain since June 3, and is top pct gainer in Hang Seng Composite Index tracking conglomerates (.HSCIC), which is up 1.4% ** Chinese ports operator China Cosco Shipping Corporation is among the firms in talks to participate in a global consortium seeking to buy 43 ports from billionaire Li Ka-shing-owned CK Hutchison, Bloomberg News reported on Thursday ** CK Hutchison and China Cosco Shipping didn't immediately respond to Reuters requests for comment** The deal has been through weeks of global scrutiny and criticism in China and the U.S. over CK Hutchison's plan to sell the ports to a consortium, previously led by U.S. investment firm BlackRock NYSE:BLK. BlackRock remains part of the group** Hang Seng Index HSI:HSI slips 0.7%** YTD, stock up 13.4%

View stock analysis, news, and events for Ck Hutchison Holdings Ltd