CKH Holdings (00001) fell close to 3%, dropping 2.8% to HK$62.45 by the time of writing, with a turnover of HK$425 million. The decline follows an announcement made by CKH Holdings on its official website on February 24, disclosing that the Panamanian government had taken "forced takeover" action on February 23 local time. Officials entered the Balboa and Cristobal ports, operated by its subsidiary Panama Ports Company, taking full administrative and operational control and barring company representatives from entering the premises. CKH Holdings reiterated that the move is unlawful and stated it will pursue all available legal avenues to challenge the action. Previously, on January 30, it was reported that Panama's Supreme Court ruled that the port operating rights held by Hong Kong-based CKH Holdings at both ends of the Panama Canal were unconstitutional. On the same day, a spokesperson for China's Ministry of Foreign Affairs stated that the company had immediately issued a statement indicating that the ruling contradicts the laws under which the relevant concessions were approved by Panama, and that the company reserves all rights, including litigation. China will resolutely safeguard the legitimate rights and interests of its enterprises.