FILE PHOTO: A Bank of America logo is seen on the entrance to a Bank of America financial center in New York City, U.S., July 11, 2023. REUTERS/Brendan McDermid/File Photo By Kane Wu and Selena Li ...

Since last Thursday, Beijing’s offices handling Hong Kong affairs have reposted two commentaries by a Beijing-backed local newspaper that blasted the deal. That has raised questions over the sale.

Bank of America has also been appointed to be the offering's overall coordinator, said one of them. Lens Technology is aiming to raise $1 billion to $1.5 billion in the offering, the person said.

Hong Kong’s leader has waded into a controversy over a prominent conglomerate’s decision to sell its Panama Canal port assets to a consortium including American investment bank BlackRock Inc ...