(Reuters) -Hong Kong's CK Hutchison ( CKHUF ) said on Monday that its closely monitored ports deal would strictly adhere to all required compliance standards and would never be executed illegally.

"This transaction would never be carried out under any illegal or non-compliant circumstances," the company said in a statement.

The Hong Kong-based conglomerate, controlled by tycoon Li Ka-shing, agreed in March to sell the majority of its $22.8 billion global ports business, including assets along the strategically significant Panama Canal, to a consortium led by BlackRock.

The deal has since drawn global criticism, including from U.S. President Donald Trump, who repeatedly expressed his desire to reclaim the Panama Canal and termed the deal a "reclaiming" of the waterway.

Chinese state media have also condemned the proposed sale, claiming it betrays China's interests.

Earlier in March, a pro-Beijing Hong Kong newspaper amplified the criticism by publishing comments from local politicians and Chinese lawyers who urged CK Hutchison ( CKHUF ) to reconsider the deal and support the decision by Chinese regulators to review the transaction.

CK Hutchison ( CKHUF ) also announced that it would provide further details about the ports deal at its annual shareholder meeting scheduled for May 22.