Analysis-China's criticism of Hutchison ports deal raises stakes for TikTok US sale [Yahoo! Finance Canada]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Yahoo! Finance Canada
(Reuters) - Beijing's criticism of Hong Kong conglomerate CK Hutchison's move to sell its ports business is a precursor to heightened political scrutiny of other major Chinese business divestments involving American buyers, analysts say. The unexpected criticism of the deal, including the sale of assets near the Panama Canal to a BlackRock-led consortium, will, in particular, sharpen the scrutiny of a possible sale of the U.S. assets of TikTok, owned by Chinese firm ByteDance, they added. U.S. President Donald Trump, who previously criticised what he perceived as Chinese control of the Panama Canal, hailed the deal, terming it "reclaiming" of the canal within hours of the transaction's announcement on March 4. A week after that news, China's Hong Kong and Macau Affairs Office reposted two commentaries criticising CK Hutchison and saying the sale was a betrayal of China that neglected national interests. Chinese regulators, under the instructions of central leadership, have be
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