Xin Lang Cai Jing·2026-02-24 11:12Core Viewpoint - The Panamanian government forcibly took control of the Balboa and Cristobal ports operated by the Panama Ports Company, a subsidiary of CK Hutchison Holdings, on February 23, 2026, which the company deems illegal [1][11][13]. Group 1: Company Response - CK Hutchison Holdings opposes the Panamanian government's actions, asserting that the takeover of the Panama Ports Company's assets, employees, and operations is unlawful [3][13]. - The company plans to consult legal advisors regarding the forced takeover and the termination of the Panama Ports Company's operating rights, exploring all possible legal avenues, including domestic and international legal actions against the Panamanian government and associated third parties [5][16]. Group 2: Government and Diplomatic Reactions - The Hong Kong government expressed strong dissatisfaction and opposition to the Panamanian government's actions, emphasizing its commitment to support and protect the legitimate rights of Hong Kong enterprises abroad [5][16]. - The Chinese government has also condemned the ruling by the Panamanian Supreme Court that deemed CK Hutchison's port operating rights unconstitutional, asserting that it undermines the legal rights of Hong Kong enterprises [8][19]. Group 3: Market Impact - Following the news of the takeover, CK Hutchison's stock price fell by 2.65% as of the latest report [19].