Hong Kong’s CK Hutchison Holdings has vowed to pursue all possible legal action, both domestically and internationally, to protect its interests, calling Panama’s move to take over its two ports unlawful.
The conglomerate, led by the family of Hong Kong tycoon Li Ka-shing, issued the warning in its second statement in a week after the Panama Maritime Authority acted on a presidential decree allowing it to take over and operate the Balboa and Cristobal ports at either end of the Panama Canal.
The…