I agree, you are confused.
1. wrong
2. correct
3. wrong
The plot thickens:
To complicate matters further, continued U.S. access could be at risk due to a deal struck between the Panamanian government and a Chinese-based company named Hutchinson Whampoa, Ltd. On March 19, 1997, in a $22.2 million/year deal, the government of Panama gave the Hong Kong company 50-year rights to two prime American-built port facilities flanking the canal zone at Balboa and Cristobal: both ends of the canal. Hutchinson Whampoa has worked closely in the past with the China Ocean Shipping Co. (COSCO) on shipping deals in Asia even before Hong Kong reverted to Beijing’s control in 1997. COSCO is the Peoples Liberation Army (PLA) controlled company that almost gained control of the abandoned naval station at Long Beach, California.3
Hutchinson Whampoa is owned by Chinese billionaire Li Ka Shing, who has such favorable ties to the Beijing government that he was at one time offered the governorship of Hong Kong.4 Li also has served on the board of directors of the China International Trust and Investment Corporation, a PLA- affiliated giant run by the same Wang Jun who enjoyed coffee at the White House in exchange for a modest donation to the Clinton-Gore 1996 slush fund. 5
https://khouse.org/articles/1999/171/
Ahem...Yes, I am confused because of your incomplete post. I would not be confused if you would:
1. Post proper title—it is incorrect.
2. Put in links to your sources. You originally provided nothing to indicate Chinese ownership until I ASKED.
3. I am not familiar with your source, and how they are aware of all this information...Published in 1999 in their Personal Update News Journal. Seems like a good source for Christian news and evangelism, but the article is 17 years old.
Bloomberg and Wikipedia do not list Hutchinson Whampoa—Are you certain the information is accurate and current? IF so, perhaps this information should be sent to the Sec. of the Navy.
http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=20743004