China is in a strange place, a balancing act between the ideals of the party and a booming economy that relies of foreign trade, so it will be interesting to see how and if the Chinese government reacts to this situation. The investment company behind Pangu Plaza, a Beijing property featured in the new "Transformers: Age of Extinction" movie, said on Friday that they would be suspending cooperation with the film. 

A week before its release in the China, "Transformers: Age of Extinction, was hit with an ultimatum to remove any logo or trademark of the Beijing Pangu Investment Company, which was a sponsor of the movie.

Pangu said it had entered into an agreement with Paramount Pictures and affiliated companies in June 2013 and the two sides had agreed that Pangu Plaza would be featured in the fourth "Transformers" film, in return Pangu would invest in the movie.

The Pangu company issued a statement accusing Paramount Pictures of failing to perform contractual obligations and contract fraud. Pangu has said it had filed court charges, but is waiting for official confirmation. The statement said that any images, logos, or buildings owned by Pangu, should be removed from the movie and its marketing materials.

The statement said,"Pangu Plaza has a prominent placement in 'Transformers 4' and it looks beautiful on-screen. We regret that Pangu is not currently satisfied with certain aspects of our collaboration and are working to resolve its concerns," the statement added, "The loss of rights and interests not only caused the Pangu company's original business plan to fail, incurring huge losses, more seriously, it has affected Pangu Plaza's image and reputation," the statement said.

In a counter-statement released on Friday, a Paramount spokesman promised that the studio was addressing the complaint, and acknowledged that a Pangu property appears in the film.

Pangu said the two sides also agreed that there would be an exhibition of props from the film at the complex, lasting at least eight months, and that a VIP world premiere would be held at there.

Pangu said it is asking SARFT, the Chinese version of the FCC, to suspend or stop the movie's release, which should be June 27th. The film had its premiere in Hong Kong on Thursday and is planned to be shown as the closing night film of the Shanghai Film Festival.

China is an important market for the big-budget franchises. The 2011 installment "Transformers: Dark of the Moon" generated $165 million in ticket sales from that country.

All told, the "Transformers" movies have hauled in about $2.67 billion globally.