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0.00864197530864201 0.00864197530864201 0.00864197530864201 0.00864197530864201 -0.0209876543209875 -0.0185185185185185 -0.0246913580246913 -0.0202469135802469
Stock impact report

Panama seizes 2 key canal ports from Hong Kong operator following Supreme Court ruling [Globe and Mail, The (Toronto, Canada)]

CK HUTCH HLD LTD UNSP/ADR (CKHUY) 
NASDAQ:AMEX Investor Relations: ckh.com.hk/en/ir
that has operated them for decades, a move triggered by a final Supreme Court ruling that declared the company's concession unconstitutional. A decree issued Monday authorized the Panama Maritime Authority to occupy the ports for “reasons of urgent social interest,” including all movable property within or outside the Balboa and Cristóbal terminals and specifically naming cranes, vehicles, computer systems and software. A statement from the operator, CK Hutchison, said it had ceased operations at the ports after government officials arrived and took them over, threatening criminal prosecution if the company did not comply. The saga surrounding the two Panamanian ports is part of a broader rivalry between the United States and China , in which the Central American country became caught in the middle after U.S. President Donald Trump accused China last year of “running the Panama Canal.” CK Hutchison was slated to sell the two ports to a consortium that includes U.S. investment Show less Read more
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