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CKH HOLDINGS Sinks 5%; HKMAO Reposts Article Questioning Port Sale Decision
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Embroiled in controversy over the sale of assets including ports at both ends of the Panama Canal, CKH HOLDINGS (00001.HK) opened down 6.28% today (14th) and once sank to a bottom of $46.1. It last traded at $46.9, down 5.06%, on a volume of 8.0007 million shares, involving $374 million. The website of the State Council's Hong Kong and Macau Affairs Office (HKMAO) reposted a commentary from Ta Kung Pao, which questioned that CKH HOLDINGS's plan to sell assets including ports at both ends of the Panama Canal was not an ordinary commercial behavior. The commentary argued that the US might use this transaction as an example to initiate global port acquisitions through political pressure, with an aim to control more key ports worldwide, leaving Chinese ships nowhere to rely on. AAStocks Financial News |
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