CK Hutchison climbs as unit says Panama arbitration claim now tops $2 bln

CK Hutchison Holdings

25/03/2026 02:24

** Shares of CK Hutchison 0001.HK climb nearly 3% to HK$60.7 in the second rising session, their highest point since March 20

** Stock on track for the biggest one-day pct gain since March 18; top pct gainer in Hang Seng Composite Index on conglomerates .HSCIC, which gains 1.6%

** A unit of the Hong Kong conglomerate, said on Tuesday it had widened its claims in an international arbitration case against Panama, saying damages had now risen to more than $2 billion

** Panama Ports Company said it had supplemented its claims in proceedings under the International Chamber of Commerce's arbitration rules, a month after what it described as the state's illegal takeover of two port terminals and company property

** Panama's presidency and maritime authority did not immediately respond to requests for comment

** YTD, stock up 14%, while benchmark Hang Seng Index .HSI down 1.3%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))