CKH HOLDINGS(HK:00001) Sou Hu Cai Jing·2025-08-06 06:48Group 1 - The Panama Audit Office has filed a lawsuit against Cheung Kong Group, owned by Li Ka-shing, claiming that the contract between Cheung Kong and the Panamanian government is "unfair" and involves "abuse" of rules, seeking a review of the contract established in 1997 [1] - The lawsuit comes shortly after Cheung Kong announced the expiration of exclusive negotiations with BlackRock regarding 43 global ports, raising concerns about potential competition from China’s COSCO Group [3][5] - The two key ports in question are located in Panama and are critical for global shipping routes, indicating that control over these ports is strategically significant for both the U.S. and China [5][6] Group 2 - The situation reflects a broader geopolitical struggle between the U.S. and China, with the U.S. government exerting pressure on Panama to challenge the validity of the contract as a means to regain control over the ports [6][8] - The legal basis for overturning the 1997 contract is weak unless there is substantial evidence of corruption or fraud, making the lawsuit's success uncertain [5] - The incident highlights a shift from commercial negotiations to political maneuvering, questioning whether market principles or hegemonic logic will prevail in international business [8]