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CN to Review, Monitor CKH Sale of Overseas Port Assets According to Law, Says MOC
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According to a recent report from The Wall Street Journal, China demands that the controlling interest in the Panama port transaction should be held by COSCO, a Chinese state-owned shipping giant, otherwise it may block the deal. He Yadong, a spokesperson for China's Ministry of Commerce (MOC), said at a regular press conference that relevant departments had already issued multiple statements concerning CKH HOLDINGS (00001.HK)'s sales of its overseas port assets. He stressed that the Chinese government will conduct reviews and regulations according to law to protect fair market competition, safeguard public interest, and uphold national sovereignty, security, and development interests. AAStocks Financial News |
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