CK Hutchison slips on report PSA exploring sale of HK firm's ports business

About this update from Ck Hutchison Holdings Ltd

** Shares of Hong Kong-based conglomerate CK Hutchison HKEX:1 slip 1% to HK$43.05, on course to snap eight consecutive sessions of gain** Stock set for the biggest one-daydecline since April 9** Singapore's PSA International is exploring the sale of its 20% stake in CK Hutchison's ports business, two people with knowledge of the matter said, joining the Hong Kong conglomerate in its controversial plans to sell** CK Hutchison announced last month it would sell its 80% holding in the business, which includes two ports along the strategically important Panama Canal to a BlackRock-led NYSE:BLK consortium. The holding has an equity value of $14.2 billion** Hang Seng Composite Index tracking conglomerates (.HSCIC) eases 0.4%, Hang Seng Index HSI:HSI slips 0.3%** CK Hutchison stock up 4.3% YTD

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