The Los Angeles Post
U.S. World Business Lifestyle
Today: April 01, 2025
Today: April 01, 2025

China state media blasts CK Hutchison's Panama port deal in soon-deleted post

FILE PHOTO: FILE PHOTO: The company logo of CK Hutchison Holdings is displayed at a news conference in Hong Kong
March 29, 2025
Lewis Jackson, Jenny Su - Reuters

By Lewis Jackson and Jenny Su

BEIJING (Reuters) -Chinese state media attacked Hong Kong conglomerate CK Hutchison's plan to sell its ports near the Panama Canal to a BlackRock-led group in a social media post on Saturday that was taken down minutes later.

The social media account linked to state broadcaster CCTV said China had significant national interests in the transaction and the sale was "tantamount to handing a knife to an opponent."

As a Hong Kong company, CK Hutchison should be careful about how it handled deals that could harm China's national interest, said the post from the account Yuyuantantian on social media platform Weibo.

However minutes after going live, the post had vanished.

Whatever the reason for the post's deletion, it highlights growing opposition to the deal in China, where the market regulator said on Friday it would review the transaction.

Also on Friday, Reuters reported CK Hutchison had delayed part of the sale process, although sources said the deal has not been called off.

(Reporting by Lewis Jackson and Jenny Su in Beijing; Editing by William Mallard)

Share This

Popular

Americas|Asia|Business|Economy|Finance

Chile's Codelco agrees on $666 million in loans from Japan's JBIC, commercial bank

Chile's Codelco agrees on $666 million in loans from Japan's JBIC, commercial bank
Asia|Business|Economy|Finance|Political|Stock Markets|US

Stock market today: Wall Street dips, and Asia and Europe recover a bit ahead of "Liberation Day'

Stock market today: Wall Street dips, and Asia and Europe recover a bit ahead of "Liberation Day'
Asia|Travel|World

80 years after World War II, Okinawaโ€™s battle sites are still giving up bones and bombs

80 years after World War II, Okinawaโ€™s battle sites are still giving up bones and bombs
Asia|Environment|Health|Political|World

Rescue hopes fading four days after quake kills more than 2,700 in Myanmar and Thailand. Hereโ€™s what we know

Rescue hopes fading four days after quake kills more than 2,700 in Myanmar and Thailand. Hereโ€™s what we know

Asia

Asia|Business|Economy|Finance|Political|Stock Markets

Stocks rise, gold at record as investors await Trump tariff clarity

Stocks rise, gold at record as investors await Trump tariff clarity
Asia|Celebrity|Entertainment

South Korean superstar Kim Soo Hyun tearfully denies controversial claims about relationship with late actress

South Korean superstar Kim Soo Hyun tearfully denies controversial claims about relationship with late actress
Asia|Business|Economy|Europe|Finance|Political|Stock Markets|US

Global deal activity disappoints, M&A revenue falls as Trump pursues tariffs

Global deal activity disappoints, M&A revenue falls as Trump pursues tariffs
Asia|Business|Economy|Food|World

China pledges fair ruling in beef tariff investigation

China pledges fair ruling in beef tariff investigation