CKH Holdings surged nearly 4% during the session to a more than one-week high, as investors welcomed the progress in the sale of port transactions
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CKH HOLDINGS rose nearly 4% during Wednesday's trading session, reaching HKD 46.8, a new high since March 18. Investors are optimistic about its advancement in the Panama port deal, which is expected to bring over USD 19 billion in cash revenue to the company. CKH HOLDINGS has reached an agreement with the BlackRock-TiL consortium to sell Hutchison Ports and two Panama ports, with an enterprise value of USD 22.8 billion. Despite Chinese regulators beginning to investigate this transaction, CKH HOLDINGS still plans to proceed
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