CK Hutchison stocks up 25% after Panama ports sale
Business
HONG KONG: Shares in CK Hutchison soared 25 per cent in Hong Kong on Wednesday (Mar 5) after it agreed to sell its lucrative Panama Canal ports to a US-led consortium under fierce pressure from US President Donald Trump. The firm owned by Hong Kong billionaire Li Ka-shing saw its stocks rise 22.9 percent to HK$47.50 at around 2.30am GMT after earlier reaching 25 per cent higher on the Hong Kong exchange. Hutchison subsidiary Panama Ports Company (PPC) has for decades run ports at Balboa and
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