Back    Zoom +    Zoom -
Panama Comptroller General Files Court Case Accusing CKH of Unconstitutional Port Contract Renewal
Recommend
16
Positive
37
Negative
16
Panama's comptroller general Anel Flores has requested the country's Supreme Court to review the government's extension of the contract with CKH HOLDINGS (00001.HK)'s subsidiary Panama Ports Company, asserting that the contract is unconstitutional and should be declared invalid, foreign media reported.

The contract is very bad, one-sided, an abuse of power, and detrimental to national interests, Flores stated, emphasizing that Panama is the rightful owner of these ports.

Related NewsJPM: CKH HOLDINGS (00001.HK) Stock Price Has Largely Factored in Port Sale Approval

AASTOCKS Financial News
Website: www.aastocks.com