Balboa Port, operated by a CK Hutchison group company, is pictured in Panama on March 4, after the sale was announced. © Reuters
KENJI KAWASE
HONG KONG -- The shares of Hong Kong-listed companies controlled by tycoon Li Ka-shing's family empire remained under pressure on Monday, with investors unnerved by China's repeated criticism of the conglomerate's sale of global ports, including two at the strategic Panama Canal.
CK Hutchison -- the company that agreed to sell the assets, valued at $22.8 billion, to a consortium led by U.S. investment fund BlackRock -- opened 2.4% lower at 45.15 Hong Kong dollars on Monday, after losing 6.4% on Friday. The stock rebounded later in the morning session for a modest gain on the day.