CK Hutchison Probably Hid $7.4 Billion of Debt, Researcher Says

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CK Hutchison Probably Hid $7.4 Billion of Debt, Researcher SaysGMT Research Ltd., which uses its own proprietary accounting and corporate governance analysis system, posted the research related to accounting treatment of debt by the company and recommended avoiding the stock. The latest annual earnings of CK Hutchison was the first reported under the watch of Victor Li, who took over the empire following last year’s retirement of the senior Li, the city’s richest man. Shares of CK Hutchison were little changed as of 10:21 a.m. in Hong Kong on Wednesday, after having risen 4.8% this year versus a 9.4% gain for the benchmark Hang Seng Index.

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