HONG KONG (Reuters) – Shares of Hong Kong conglomerate CK Hutchison climbed 1% on Tuesday ahead of a deal to sell its Panama ports to a BlackRock-led group that is due to be signed by April 2. Reuters reported on Friday that CK Hutchison had delayed part of the sale, although sources said the deal […]
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Shares of CK Hutchison climb 1% amid China criticism of Panama ports deal
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HONG KONG (Reuters) – Shares of Hong Kong conglomerate CK Hutchison climbed 1% on Tuesday ahead of a deal to sell its Panama ports to a BlackRock-led group that is due to be signed by April 2.
Reuters reported on Friday that CK Hutchison had delayed part of the sale, although sources said the deal has not been called off. Pro-Beijing media have published a series of reports criticizing the deal, depicting it as a betrayal of China.
(Reporting By Donny Kwok; Writing by Anne Marie Roantree; Editing by Christian Schmollinger)