Hong Kong protests after Panama takes control of 2 key ports on the Panama Canal [Yahoo! Finance Canada]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Yahoo! Finance Canada
Hong Kong's Commerce and Economic Development Bureau said in a statement it had lodged “stern protests” with Panama's consulate, adding that it had expressed strong opposition and dissatisfaction and would “staunchly support the legitimate rights and interests of Hong Kong corporations overseas.” The ports located at the mouth and tail of the Panama Canal, which have been operated by a subsidiary of CK Hutchison since 1997, became embroiled in a legal dispute after getting caught in the middle of the U.S. and China's competition for influence in the region. The ports became the focus of global attention after U.S. President Donald Trump accused China of “running the Panama Canal.” Panama's government took control of the two ports on Monday after the country's Supreme Court struck down a law approving the concession contract for Panama Ports Company, a subsidiary of CK Hutchison. That ruling stripped the port of legal basis for its operations, and the company is now bringing arbit
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News
- A Look At CK Hutchison Holdings (SEHK:1) Valuation After Recent Share Price Moves [Yahoo! Finance]Yahoo! Finance
- 2 Panama Canal ports have dragged Panama into a tussle between superpowers [Los Angeles Times (CA)]Los Angeles Times
- CK Hutchison's subsidiary decries Panama's "invasion" of property [Yahoo! Finance]Yahoo! Finance
- 2 Panama Canal ports have dragged Panama into a tussle between superpowers [Yahoo! Finance Canada]Yahoo! Finance Canada
- 2 Panama Canal ports have dragged Panama into a tussle between superpowers [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The