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Hutchison Port Holdings Ltd. | RELATIONSHIP SCIENCE
Hutchison Port Holdings Ltd. invests, develops and operates ports. It provides ship construction and repair services before diversifying into cargo and container handling operations. The company was founded in 1994 and is headquartered in Hong Kong.
U.S. hiring Hong Kong to scan nukes | USA TODAY | MAR 23, 2006
The administration acknowledges the no-bid contract with Hutchison Whampoa Ltd. represents the first time a foreign company will be involved in running a sophisticated U.S. radiation detector at an overseas port without American customs agents present.
Freeport in the Bahamas is 65 miles from the U.S. coast, where cargo would be likely to be inspected again. The contract is currently being finalized.
The administration is negotiating a second no-bid contract for a Philippine company to install radiation detectors in its home country, according to documents obtained by The Associated Press. At dozens of other overseas ports, foreign governments are primarily responsible for scanning cargo.
While President Bush recently reassured Congress that foreigners would not manage security at U.S. ports, the Hutchison deal in the Bahamas illustrates how the administration is relying on foreign companies at overseas ports to safeguard cargo headed to the United States.
Hutchison Whampoa is the world’s largest ports operator and among the industry’s most-respected companies. It was an early adopter of U.S. anti-terror measures. But its billionaire chairman, Li Ka-Shing, also has substantial business ties to China’s government that have raised U.S. concerns over the years.
“Li Ka-Shing is pretty close to a lot of senior leaders of the Chinese government and the Chinese Communist Party,” said Larry M. Wortzel, head of a U.S. government commission that studies China security and economic issues. But Wortzel said Hutchison operates independently from Beijing, and he described Li as “a very legitimate international businessman.”
“One can conceive legitimate security concerns and would hope either the Homeland Security Department or the intelligence services of the United States work very hard to satisfy those concerns,” Wortzel said.
Three years ago, the Bush administration effectively blocked a Hutchison subsidiary from buying part of a bankrupt U.S. telecommunications company, Global Crossing Ltd., on national security grounds.
And a U.S. military intelligence report, once marked “secret,” cited Hutchison in 1999 as a potential risk for smuggling arms and other prohibited materials into the United States from the Bahamas.
Hutchison’s port operations in the Bahamas and Panama “could provide a conduit for illegal shipments of technology or prohibited items from the West to the PRC (People’s Republic of China), or facilitate the movement of arms and other prohibited items into the Americas,” the now-declassified assessment said.
The CIA currently has no security concerns about Hutchison’s port operations, and the administration believes the pending deal with the foreign company would be safe, officials said.
Hutchison Whampoa Ltd. is “a Hong Kong-based commercial empire founded and largely owned by” Chinese multi-billionaire Li Ka Shing | SOURCEWATCH
The Center for Security Policy reported in August 2002 that U.S. intelligence believed that Li, who is “closely tied to the Communist leadership in Beijing, [had] turned Hutchison into a global colossus described in a recent company press release as having ‘over 120,000 employees worldwide, operat[ing] and invest[ing] in five core businesses in 37 countries: telecommunications; ports and related services; property and hotels; retail and manufacturing; and energy and infrastructure.'”
The Center noted that “one of Hutchison’s subsidiaries secured long-term leases at either end of the Panama Canal” in 1999 and was, in 2002, “hard at work acquiring a presence for China at other strategic ‘choke points’ around the world, including notably the Caribbean’s Bahamas, the Mediterranean’s Malta and the Persian Gulf’s Straits of Hormuz. At a moment inconvenient to the United States, such access could translate into physical or other obstacles to our use of such waterways.”
Chinese “Security” Connections
Li Ka Shing, who owns the “huge shipping firm Hutchison Whampoa Ltd. and the giant Far East investment firm Cheong Kong Holdings,” was “also a ‘member of the boards of directors of the China International Trust and Investment Corporation (CITIC)’,” Charles R. Smith wrote February 27, 2006, for NewsMax. “CITIC is the bank of the Chinese army (People’s Liberation Army, or PLA), providing financing for Chinese army weapons sales and Western technology purchases. CITIC is known to have set up Chinese arms front companies such as Poly Technologies.
“CITIC also owns a controlling interest in the Hong Kong-based Asia Satellite Telecom Co. Ltd., or AsiaSat. AsiaSat, a company founded in 1988, operates several communications satellites in the Far East bought from U.S. manufacturers such as Hughes.
“AsiaSat signed an exclusive deal with billionaire Li Ka Shing to carry his STAR television service – 54 channels of premium cable/satellite television. In addition to the direct TV broadcasts of STAR, AsiaSat satellites also regularly carry communications traffic for Chinese military units and Chinese military-owned companies.
“A 1996 report written by then U.S. Ambassador to China James Sasser noted that the Chinese Ministry of Posts and Telecommunications (MPT) and Chinese billionaire Li Ka Shing were both directly involved with the PLA in financing the communications networks for the Chinese army,” Smith wrote.
A 1997 RAND Corporation “secret report on the ‘Chinese Defense Industry’,” Smith wrote, “included a section on billionaire Li Ka Shing [highlighting] Li Ka Shing’s direct connections to the Chinese military. According the Rand report, ‘Hutchison Whampoa of Hong Kong, controlled by Hong Kong billionaire Li Ka Shing, is also negotiating for PLA wireless system contracts, which would build upon his equity interest in [Chinese army] Poly-owned Yangpu Land Development Company, which is building infrastructure on China’s Hainan Island.'”
Additionally, Smith wrote, Li Ka Shing’s “closest tie to Beijing is also his global business partner. The national flag shipping carrier for communist China, the Chinese Ocean Shipping Company, better known as COSCO, has an exclusive contract with Li Ka Shing’s Hutchison Whampoa. … Although presented as a commercial entity, COSCO is actually an arm of the Chinese military establishment” and “frequently take[s] part in Chinese military exercises and have been armed with missile launchers.”
Suitor Is Said to Be Ready to Rejoin Global Crossing Hunt | NEW YORK TIMES | JULY 31, 2002
Hutchison Whampoa of Hong Kong has renewed its interest in Global Crossing, the insolvent communications company, and is expected to submit an offer this week to buy it out of bankruptcy, people involved in the bidding process said yesterday.
A bid from Hutchison, a conglomerate controlled by the billionaire investor Li Ka-Shing, would bring it back into the fold of companies interested in acquiring Global Crossing after it abruptly dropped out of the bidding in May.
Hutchison submitted a preliminary $750 million offer for Global Crossing in late January together with Singapore Technologies Telemedia, a company controlled by Singapore’s government. Whether Singapore Technologies would join Hutchison in its bid was not clear last night. A spokesman for Hutchison declined to comment. A spokeswoman for Singapore Technologies could not be reached.
Hutchison is expected to join one or two other groups that plan to bid on Global Crossing. Each bid is thought to value the company at $1 billion to $2 billion, with Hutchison’s bid at the higher end of that range, people involved in the bidding process said.
The other groups thought to be interested in acquiring Global Crossing include One Equity Partners, the private equity unit of the Bank One Corporation, and a venture between two Los Angeles investment firms, the Gores Technology Group and Platinum Equity, these people said.
A winner is to be determined today at the offices of Weil, Gotshal & Manges, a law firm working for Global Crossing. A hearing to rule on that determination is scheduled for Aug. 7 in the United States Bankruptcy Court for the Southern District of New York.
Those dates are flexible, however. They could change if problems arise. One of the main sticking points in negotiations with Global Crossing’s bankruptcy advisers yesterday involved compensation packages for Global’s top executives, a person close to the bidding process said.
Global Crossing filed for bankruptcy protection in late January, listing debts of $12 billion and assets of more than $22 billion. Since its financial collapse, Global Crossing has come under investigation by the Securities and Exchange Commission and the Justice Department.
Hutchison Whampoa dropped out of the bidding in May after it clashed with a group of Global Crossing’s large banks. At the time, Hutchison Whampoa said its views on the purchase terms ”differed from those of the banks and creditors.”
In recent days, however, Hutchison Whampoa ”kissed and made up with the banks,” a person involved in the bidding process said yesterday. Hutchison Whampoa is thought to be interested in using Global Crossing’s 27-country fiber optic network to strengthen its offering of communications services.
Earlier this year, Hutchison Whampoa bought a 50 percent stake in Hutchison Global Crossing, a telecommunications joint venture it had with Global Crossing’s Asian unit. It renamed the company Hutchison Global Communications this week.
Hutchison Port Holdings buys stake in Egyptian ports operator | REUTERS | MAR 7, 2016
Hutchison Port Holdings (HPH) has bought a 30.3 percent stake in Egypt’s Alexandria International Container Terminals (AICT) from a fund co-founded by HSBC, the seller said on Monday.
The $300 million Middle East North Africa Infrastructure Fund is managed by MENA Infrastructure, a fund manager owned by HSBC, Abu Dhabi’s Waha Capital and Dubai’s Fajr Capital.
The fund sold the stake in AICT, which owns and operates two container terminals in Egypt, for an undisclosed amount, MENA Infrastructure said in an emailed statement.
The Egyptian deal was the fund’s first exit.
HPH is the ports services division of CK Hutchison Holdings , which is owned by Asia’s richest man Li Ka-shing.
The fund also said it had sold a 38.1 per cent stake in Oman’s United Power Company, which operates a 270 megawatt natural gas-fired power plant near Nizwa, to Saudi Arabia’s Khaled Juffali Energy and Utilities.
The plant sells power to Oman Power & Water Procurement company, it said.
The fund did not disclose the value of either deal.