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CKH Proceeds with Panama Port Sale as Slated: Wire
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CKH HOLDINGS (00001.HK) plans to proceed as scheduled with the sale of two Panama ports to a BlackRock (BLK.US)-led consortium, indicating that China's dissatisfaction with the deal has not swayed negotiations, Bloomberg reported, quoting people familiar with the matter. All parties involved are reportedly focused on completing due diligence, tax, accounting, and other transaction terms, with the intention to sign the agreement by April 2. Prior to this, there were reports that China would investigate CKH's sale of the Panama ports. Chinese Foreign Ministry spokesperson Mao Ning stated that specific details should be directed to the relevant authorities. Mao said, as a matter of principle, China consistently and firmly opposes actions that use economic coercion or hegemonic bullying to harm the legitimate rights and interests of other countries. AAStocks Financial News |
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