Hong Kong's CK Hutchison under fire after China criticism of ports sale to US
China's Hong Kong and Macau Affairs Office (HKMAO) reposted a commentary criticising CK Hutchison's port deal with U.S. firm BlackRock as a betrayal of China, sending shares of the Hong Kong-based conglomerate sharply lower on Friday.
CK Hutchison shares down after port deal criticism
Shares of CK Hutchison shed more than 6 percent on Friday, after the Beijing office in charge of Hong Kong affairs reposted a newspaper commentary
China signals anger at CK Hutchison's Panama ports sale, rattling investors
HONG KONG -- Chinese authorities have signaled their displeasure over Hong Kong conglomerate CK Hutchison selling its Panama Canal port assets to a consortium led by U.S. investment firm BlackRock, pushing the Li Ka-shing family company's share price sharply lower.
Li Ka-Shing’s CK Hutchison To Sell Panama Canal Ports To BlackRock As Part Of $23 Billion Deal
The deal comes after U.S. President Donald Trump repeatedly threatened to take control of the Panama Canal and end what he sees as China’s influence over the waterway critical to global trade.
BlackRock strikes $23 billion deal to place Panama Canal ports under American control
Hong Kong-based conglomerate has agreed to sell shares of its units that operate two key ports in Panama to BlackRock consortium.
China Is Unhappy With BlackRock Ports Deal in Panama
Shares of Hong Kong’s CK Hutchison sank after a critical commentary by a Chinese state-owned newspaper about the $22.8 billion sale.
Li Ka-shing Has Little to Lose as China Threatens Panama Deal
Hong Kong billionaire Li Ka-shing has raised Beijing’s ire by agreeing to sell its control over ports in Panama to appease President Donald Trump. But there may be little the Chinese authorities can do to punish him for it.
China Condemns Panama Canal Deal, Asserting a Right to Influence the Region
The Hong Kong conglomerate CK Hutchison’s planned sale of ports in Panama to a group led by BlackRock, the American finance giant, is under fire from Beijing.
China urges CK Hutchison to ‘think twice’ on Panama ports deal
Shares in Hong Kong-based conglomerate CK Hutchison fell 5 per cent on Friday after China criticised the sale of its Panama Canal ports and said it should “think twice” about the $22.8bn deal with US asset manager BlackRock.
China Amplifies Rebuke of Li Ka-shing’s Panama Port Deal With BlackRock
CK Hutchison Holdings Ltd. shares plunged Friday after China’s top office on Hong Kong affairs reposted a sharp attack on the conglomerate’s decision to appease President Donald Trump by selling its stake in Panama ports.
‘A betrayal’: top Beijing office runs scathing attack on Panama deal by Hong Kong’s Hutchison
Hong Kong tycoon Li Ka-shing’s company CK Hutchison Holdings, which recently sold its Panama Canal ports, should think twice ...
China blasts ‘spineless’ plan to sell Panama Canal ports to BlackRock
China has sharply criticized a proposal to sell ports in the Panama Canal to American asset management giant BlackRock, attacking the deal as “spineless groveling” and a “betrayal” of the Chinese ...
After Trump threats, Hong Kong firm to sell stake in Panama Canal ports
Trump threatened to take back the canal because of what he called Chinese influence. CK Hutchison, a Hong Kong company, is ...
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U.S. Firm Pays HK Conglomerate $23B for Panama Canal Ports
In a US$23 billion deal, the Hong Kong conglomerate CK Hutchison Holdings will sell all shares in Panama Canal ports to a U.S ...