The shares of the Hong Kong Cook Hachcison Group opened 4.54 % losses on Monday due to the uncertainty about selling a port on Panama, a process that Beijing criticized.
The shares of the company on the Hong Kong exchange shares to 3.65 %, around 12:00 pm (05:00 in Lisbon).
The fluctuations of the CK Hutchison grant are continuing that the signing of the Panamian Port sales agreement from Balboa and Cristobal – as well as 41 others controlled by the group in more than 20 countries – can be postponed until Wednesday, the date expected at the beginning.
The operation, which is worth about $ 23 billion (about 21.26 billion euros), expects the ports to a consortium led by the American active director Blackrock.
US President Donald Trump described the deal as a recovery from the channel, which he described as a “Chinese control” of the infrastructure.
On Friday, the Chinese Securities Organization announced a review of the deal “to protect loyal competition in the market and protect the public interest.”
Compare a CCTVISIOL Networks account with “submitting a knife to his rival” in a faded message after minutes, but it was interpreted by the international press as a new beer notice through official means.
Hong Kong newspapers, which were seen as close to Beijing, warned that companies that cooperate with the United States “will not have a future, regardless of the number of businesses and money they can” and requires the cancellation of sales by “harming national security”.
The US State Department said on Friday that he was aware of Beijing’s discontent with the deal and said he was not surprised.
With the passage of 145 days on negotiating the final conditions of the agreement, it is not clear at this stage whether the signature will be delayed or recently canceled. Once this deadline expires, CK Hutchison will recover the right to sell assets to other potential buyers.
Analysts described the deal as a profitable step by veteran entrepreneur Lee Ka Treng – the richest man in the former British colony and the eighth richest in Asia – and at the same time a form of Trump’s appeal, which caused a roof in the Chinese authorities.
For years, he considered me a character close to Beijing thanks to the good relationship with Chinese leaders such as Deng Xiaoping (1978-1989) and Jiang Zemin (1989-2002), but the international press relationship indicates that in recent years, especially after the increase in Chinese control over Hong Kong after the 2019 protests, the relationship with the central government was.
