Mei Ri Jing Ji Xin Wen·2026-02-12 11:45Core Viewpoint - The company Cheung Kong Holdings is facing increasing pressure from the Panamanian government, which is attempting to forcibly take over the operations of its port facilities in Panama, specifically at Balboa and Cristobal ports [2][4]. Group 1: Company Actions - Cheung Kong Holdings has notified the Republic of Panama under the investment protection treaty regarding the dispute to safeguard its rights and has invited the Panamanian government for consultations [2][4]. - The company is actively seeking solutions and has consulted legal advisors to explore all possible avenues, including domestic and international legal actions against the Panamanian government and third parties involved [4][6]. Group 2: Legal and Operational Context - The Panamanian government has not provided any guarantees or clear explanations regarding the operations of the Panama Port Company at Balboa and Cristobal ports, leading to further disruptions and damages [6]. - The Panama Maritime Authority announced plans to rely on A.P. Moller – Maersk A/S's subsidiary APM Terminals to temporarily manage the operations of the ports, which Cheung Kong Holdings has opposed, stating it would cause damage and lead to legal actions against APMT [5][6]. Group 3: Government and Diplomatic Reactions - The Chief Executive of Hong Kong, John Lee, expressed strong dissatisfaction with the ruling of the Panamanian Supreme Court, urging the government to respect contractual agreements and provide a fair business environment for local enterprises [8][9]. - The Hong Kong government has reiterated its position against any foreign government using coercion or unreasonable political means in international trade relations, emphasizing the potential long-term damage to Panama's business environment and credit [8][9]. Group 4: Market Impact - As of February 12, the stock price of Cheung Kong Holdings fell by 0.86%, marking the third consecutive day of decline, with a total market capitalization of HKD 243.2 billion [6].