Panama Strikes Down CK Hutchison Port Contract, Shares Slide

Panama’s top court has ruled that the contract granted to Li Ka-shing’s CK Hutchison Holdings Ltd. to operate two ports near the Panama canal is unconstitutional, dealing a blow to...

By Michael D McDonald, Shirley Zhao · Bloomberg

Panama’s top court has ruled that the contract granted to Li Ka-shing’s CK Hutchison Holdings Ltd. to operate two ports near the Panama canal is unconstitutional, dealing a blow to the Hong Kong conglomerate’s efforts to sell off the facilities.