HK Stock Market Move | CKH HOLDINGS (00001) opens more than 4% lower, port trade faces scrutiny, company says no decision has been made on any transactions regarding global telecommunications business.

CKH HOLDINGS (00001) opened over 4% lower, and as of the time of writing, it is down 4.54% at HK$43.1, with a trading volume of HK$53,683,600. On the news front, according to reports cited by Observer Network, a source close to senior executives of CKH HOLDINGS revealed that no agreement will be signed this week regarding the sale of ports in Panama. In addition, according to the "Market New Language" WeChat public account, a journalist from Ta Kung Pao Multimedia asked the State Administration for Market Regulation about the proposed sale of the ports by CKH HOLDINGS: It is reported that CKH HOLDINGS will sign a deal with BlackRock on April 2 for the ports in Panama. Will this transaction require approval from China's anti-monopoly review? The head of the Antitrust Division II of the State Administration for Market Regulation stated, "We are aware of this transaction and will review it in accordance with the law to protect fair competition in the market and safeguard the public interest." Furthermore, CKH HOLDINGS issued an announcement this morning stating that the Board of Directors is aware of recent media reports relating to a potential spin-off of the company's global telecommunications assets and operations. The group has received suggestions and is exploring and evaluating opportunities to enhance long-term shareholder value, including potential transactions (including spin-offs for listing) related to the assets and operations of the company's global telecommunications business. As of the announcement date, no decision has been made by the Board of Directors regarding any transaction related to the company's global telecommunications business. Shareholders and potential investors are advised that it is currently uncertain whether any transaction will take place.