The company agreed to sell a controlling stake in Panama ports that had become a political lightning rod. Read more at straitstimes.com.

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.

Beijing signaled its displeasure over CK Hutchison Holdings’ agreement to sell its majority controlling stake in Panama ports to a BlackRock-led consortium.

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.

Shares of Hong Kong conglomerate CK Hutchison slid more than 6% on Friday after China's Hong Kong and Macau Affairs Office posted a commentary in state media criticising the company's recent port sale as a betrayal of China.

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.

China’s top office on Hong Kong affairs has reposted an attack on CK Hutchison’s decision to sell its Panama Canal ports, amplifying a Beijing-backed newspaper’s warnings for the Li Ka-shing-owned conglomerate to “think twice” about which side it stands on.