HK Stock Movement | CKH HOLDINGS (00001) Falls Over 4% in Afternoon, Temporarily Leads Blue-Chip Declines Amid Port Deal Uncertainty

Stock News2025-12-29

CKH HOLDINGS (00001) dropped more than 4% in the afternoon session, temporarily leading the declines among blue-chip stocks. As of the time of writing, the stock was down 4.16%, trading at HK$53, with a turnover of HK$280 million. On the news front, according to a report by Caijing magazine citing media sources, if China COSCO Shipping Group insists on obtaining a majority stake, BlackRock and Mediterranean Shipping Company (MSC) are considering abandoning the deal to purchase ports from CKH HOLDINGS. Previously, it was reported that the specific equity interest and stake size of COSCO Shipping within the buyer consortium for CKH's ports was a key focus of negotiations among the parties. Caijing inquired about the progress of the negotiations with the involved parties, including BlackRock, TiL, MSC, and COSCO Shipping, but had not received any comments as of the time of writing.

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