China’s top office on Hong Kong issues reposted a sharp attack on CK Hutchison Holdings Ltd. for agreeing to sell a controlling stake in Panama ports, warning companies to be very careful about which “side they should stand on.

Beijing has signaled its displeasure over CK Hutchison Holdings’ agreement to sell its majority controlling stake in Panama ports to a BlackRock-led consortium, sending shares in the Hong Kong-based company sharply lower.

Shares of CK Hutchison shed more than 6 percent on Friday, after the Beijing office in charge of Hong Kong affairs reposted a newspaper commentary

The Panama Maritime Authority, which oversees shipping and port infrastructure in the country, will request all legal and financial documents from a key transaction between CK Hutchison and a consortium backed by BlackRock ,

Luis Carlos Gómez is supporting a lawsuit challenging the country's 20-year contract with a Hong Kong-based port operator, adding to pressures already levied by the U.S.

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.

HONG KONG (Reuters) -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.

China’s top office on Hong Kong issues reposted a sharp attack on CK Hutchison Holdings Ltd. for agreeing to sell a controlling stake in Panama ports, warning companies to be very careful about which “side they should stand on.

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.