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Victor Li: Panama Port Dispute Affects Local Container Terminal Biz; All Feasible Legal Actions to Protect Shareholder Interests
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Victor Li, Chairman of CKH HOLDINGS (00001.HK), stated that geopolitical pressures have given rise to legal disputes with the Panamanian government, affecting the group's container terminal business in the region. This has also complicated ongoing discussions with potential transaction partners regarding new arrangements for the possible sale of the group's global port business interests outside of Panama, Hong Kong, and Mainland China, Li said. The Chairman emphasized that the group will take all appropriate and feasible legal actions to protect shareholder interests. CKH Co-Managing Director Frank Sixt mentioned that CKH and its subsidiary, Panama Ports Company (PPC), have been working closely with legal advisors to seek all available legal remedies through domestic and international procedures. Updates will be provided when appropriate, and the group is still in discussions with consortium members and major strategic investors from Mainland China, Sixt said. AASTOCKS Financial News Website: www.aastocks.com |
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