Pro-Beijing Paper Urges Li Ka-shing to Scrap Panama Port Sale
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A pro-Beijing newspaper has called on CK Hutchison Holdings Ltd. to pull out from an agreement to sell its ports on the Panama Canal to a group led by BlackRock Inc., marking an escalation of a pressure campaign on billionaire Li Ka-shing over the deal.
The transaction will damage China’s national security and development interests, which directly violates Hong Kong’s laws on safeguarding national sovereignty, security and development interests, the Ta Kung Pao paper said in a commentary Friday. The article didn’t identify CK Hutchison as the Hong Kong company in question but did name BlackRock as the buyer.