BEIJING: Hong Kong’s commerce chief on Friday summoned the Panamanian Consul General in the city to condemn a court ruling that annulled Hong Kong-based CK Hutchison’s contract to operate two ports at the Panama Canal. The move came after China’s Hong Kong and Macau Affairs Office warned Panama of “heavy prices” to pay over the decision earlier this week.

It follows a contentious decision from Panama's top court to rule against a Hong Kong-backed firm’s right to operate two key terminals on the waterway.

BEIJING: Hong Kong’s commerce chief on Friday summoned the Panamanian Consul General in the city to condemn a court ruling that annulled Hong Kong-based CK Hutchison’s contract to…