HK Stock Market Move | CKH Holdings (00001) still falls nearly 5%, its port company is seeking at least $20 billion in compensation from the Panamanian government.

CKH HOLDINGS (00001) continues to fall by nearly 5%, as of the time of writing, down 4.87% to HKD 58.55 with a trading volume of HKD 7.05 billion. On the news front, on March 6th, Cheung Kong Holdings' official website announced that its subsidiary, Panama Ports Company (PPC), had two Panama ports taken over by the Panamanian government. In accordance with international arbitration rules, PPC has initiated international arbitration against the Panamanian government, seeking compensation of at least USD 2 billion (approximately RMB 13.843 billion). The announcement also emphasized that PPC and CKH HOLDINGS will not back down, and are not just seeking symbolic compensation, but are pursuing all their rights in response to the serious breach of contract and anti-investor actions by the Panamanian government. The Panama Ports Company, along with CKH HOLDINGS, will permanently retain all legal rights and claims against the Panamanian government, its agents, and any third parties.