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.
A strongly worded commentary, which attacked the US for pressuring the deal “through despicable means”, first appeared in Beijing-backed newspaper Ta Kung Pao in Hong Kong and was republished by China’s top office for the territory’s affairs late on Thursday.
“[Critics] say this is a spineless, grovelling, profit-seeking move that sells one’s integrity for personal gains, and an act that disregards national interests . . . [which] betrays and sells out all Chinese people,” said the opinion piece.
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