[moonrab]

Beijing has investigated Hong Kong tycoon Li Ka-shing’s proposed deal to sell his global ports, including two at the Panama Canal, to BlackRock after failing to change Li’s mind with closed-door and public pressure.

Senior Chinese leaders have ordered several government agencies, including the State Administration for Market Regulation, to scrutinize the proposed deal, Bloomberg reported on Tuesday, citing unnamed sources. 

The report said the probe will check whether the transaction involves any potential security breaches or antitrust violations, but it will not necessarily result in any follow-up action.

Li business entity in danger of entanglement with security law.