China criticises Hong Kong firm’s sale of majority stake in Panama ports
Commentary urged CK Hutchison to ‘think twice’ about ‘what position and side they are on’ in sale to US investorsChina has criticised the sale of the business that controls ports in Panama to US investors, saying the Hong Kong-based parent company should “think twice” and that the $22.8bn deal is “power politics” that is not in the country’s national interests.Shares in Hong Kong-based conglomerate CK Hutchison fell more than 6% on Friday after a critical commentary appeared in the Beijing-backed newspaper Ta Kung Pao in Hong Kong. Continue reading...
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Commentary urged CK Hutchison to ‘think twice’ about ‘what position and side they are on’ in sale to US investors
China has criticised the sale of the business that controls ports in Panama to US investors, saying the Hong Kong-based parent company should “think twice” and that the $22.8bn deal is “power politics” that is not in the country’s national interests.
Shares in Hong Kong-based conglomerate CK Hutchison fell more than 6% on Friday after a critical commentary appeared in the Beijing-backed newspaper Ta Kung Pao in Hong Kong. Continue reading...
