长和(00001)发布公告，继本公司于2026年2月4日刊发自愿性公告后，巴拿马政府宪报于2026年2月23日 刊登了巴拿马最高法院就1997年1月16日第5号法律原于2026年1月29日公布所作的裁决(该裁决)，以及 一项行政法令(该行政法令)，该行政法令要求巴拿马政府占用本公司的附属公司巴拿马港口公司(PPC) 的所有动产。 巴拿马政府代表强行进入由PPC于巴尔博亚港及克里斯托瓦尔港所营运的码头，并且强行接管码头的行 政及营运控制权。据本公司理解，特许经营权已于2026年2月23日起被视为终止，而PPC已于同日终止 在两个港口的码头的一切运作。 PPC已获得意见，指该裁决、该行政法令及巴拿马政府就PPC于该两个港口的码头营运所采取的相应行 动，与相关法律框架，以及批准该特许经营合约的法律并不一致。董事会对该裁决、该行政法令及巴拿 马的相应行动表示强烈反对，本集团继续联同其法律顾问，保留集团一切权利，并拟采取一切妥善可行 的法律方案以保卫本集团权益，包括就该事宜诉诸进一步国内及国际法律程序。 ...

美国国会众议院两名议员9日浏览美国司法部解密的最新一批爱泼斯坦案文件后，公布了在文件中出现 的6名"富有且有权势男性"的名字，其中包括苏拉耶姆。据美国有线电视新闻网报道，在最新公开的爱 泼斯坦案文件中，苏拉耶姆的名字出现了数千次。两人的邮件往来持续了至少10年，即使在2009年9月 爱泼斯坦对自己有关性犯罪行为供认不讳之后，两人依然保持通信。 据多家外媒报道，至少两家机构因此暂停了对迪拜世界港口公司的投资，包括一个英国投资平台和加拿 大第二大养老金基金。苏拉耶姆辞职后，这两家机构分别发表声明，欢迎迪拜世界港口公司新领导团 队，表达继续合作意愿。 随着最新一批爱泼斯坦案文件公开，13日又有一名商界名流因牵涉此案辞职：阿联酋迪拜世界港口公司 董事长兼首席执行官苏丹·艾哈迈德·本·苏拉耶姆。 迪拜世界港口公司是全球物流巨头之一，经营着迪拜阿里山港和全球多地的港口码头。苏拉耶姆因此被 认为是中东地区最引人瞩目的商界领袖之一。然而，随着爱泼斯坦案文件公开，他与已故美国富商爱泼 斯坦的书信往来公之于众。 ...

"相信你注意到有关企业已经第一时间发表声明，表示该裁决有悖于巴拿马方面批准相关特许经营权的 法律，企业将保留包括诉讼法律程序在内的所有权利。"郭嘉昆说，中方将采取一切必要措施，坚决维 护中方企业正当合法权益。 北京日报客户端消息，1月30日，外交部发言人郭嘉昆主持例行记者会。 彭博社记者提问，巴拿马最高法院已宣布，授权长江和记实业运营巴拿马港口码头的合同无效。这两个 码头是长江和记试图出售的一个包含43个港口资产组合的一部分，潜在买方财团包括美国的贝莱德以及 中国的中远海运。中方对巴拿马最高法院的这一决定有何评论？该裁决是否会影响相关交易目前正在进 行的谈判？ 巴拿马港口公司表示，营运巴尔博亚港和克里斯托瓦尔港两个货柜码头28年以来，巴拿马港口公司及其 投资者已投资超过18亿美元于巴拿马的基建、科技和人才培育，这一金额是该国其他任何港口营运商投 资额的数倍。这些投资创造了数以千计直接及间接的就业机会，造就巴拿马成为全球认可的港口和物流 枢纽。 该公司表示，这份裁决不仅破坏巴拿马港口公司及其特许经营合约，还祸及数以千计直接或间接仰赖港 口业务为生的巴拿马家庭之福祉与安定，也损害该国的法治和法律确定性。该公司提醒 ...

Core Viewpoint - Ningbo Port plans to acquire 100% equity of Zhoushan Comprehensive Bonded Zone Terminal Co., Ltd. from its controlling shareholder for a cash consideration of 706 million yuan, aiming to enhance operational integration and competitiveness within the province's port system [1] Group 1: Acquisition Details - The transaction involves a cash payment of 706 million yuan for the complete ownership of Zhoushan Comprehensive Bonded Zone Terminal [1] - Upon completion, the terminal will become a wholly-owned subsidiary of Ningbo Port, allowing for substantial control and integration into the provincial port operations [1] Group 2: Strategic Implications - The acquisition is expected to facilitate the integrated operation of ports across the province, addressing previous issues of fragmented management and homogeneous competition within Zhejiang's ports [1] - Enhanced coordination among ports is anticipated to improve overall management efficiency and promote sustainable development across the province's port system [1] Group 3: Competitive Advantages - The terminal's berths, yard space, location, and functional advantages will complement other terminals within the Ningbo-Zhoushan Port, strengthening the overall competitiveness of the terminal cluster [1] - This strategic move is projected to improve the company's financial status and operational results significantly [1]

Core Viewpoint - Ningbo Port plans to acquire 100% equity of Zhoushan Comprehensive Bonded Zone Terminal Co., Ltd. from its controlling shareholder for a cash transaction price of 706 million yuan, which will enhance its operational control and integration within the province's port system [1] Group 1: Acquisition Details - The acquisition will allow Ningbo Port to fully control Zhoushan Comprehensive Bonded Zone Terminal, integrating it into the provincial port operations [1] - The transaction price for the acquisition is set at 706 million yuan [1] Group 2: Strategic Implications - The integration of Zhoushan Comprehensive Bonded Zone Terminal is expected to promote collaborative development among provincial ports, addressing previous issues of fragmented management and homogeneous competition [1] - This move aims to enhance the overall management level of provincial ports, contributing to sustainable development [1] Group 3: Competitive Advantages - Post-acquisition, the terminal's berths, yard space, location, and functional advantages will complement other terminals at Ningbo-Zhoushan Port, strengthening the competitiveness of the entire terminal cluster [1] - The acquisition is anticipated to improve the overall financial condition and operational results of the company [1]

Summary of Conference Call on Port Assets Industry Overview - The conference call discusses the impact of Li Ka-shing's CK Hutchison Group selling its port assets, which has garnered significant market attention. The deal, valued at $22.81 billion, involves the sale of core global port operations across 23 countries, including key ports at both ends of the Panama Canal, which are strategically important for global shipping networks [2][3]. Key Points and Arguments - **CK Hutchison Group's Sale**: The sale includes 43 ports and associated smart terminal management systems and global logistics networks, highlighting the strategic importance of these assets for trade, especially for China, which is the second-largest customer of the Panama Canal [2]. - **China Merchants Port's Overseas Investments**: China Merchants Port has invested in nine overseas port companies along the Belt and Road Initiative, with significant assets in Sri Lanka, Togo, Indonesia, and Brazil. In 2024, the container throughput for China Merchants Group's overseas terminals is projected to reach 37.363 million TEUs, a year-on-year increase of 9.7% [2][4]. - **COSCO Shipping Ports' Global Presence**: COSCO Shipping Ports controls 15 terminals globally, with significant operations in Europe, the Mediterranean, the Middle East, Southeast Asia, South America, and Africa. The Piraeus F4 terminal in Greece is noted as the largest container terminal in Greece and a major transshipment hub in the Eastern Mediterranean. In the first half of 2024, overseas business revenue accounted for 50.3% of COSCO's total revenue [2][5]. - **Recent Acquisitions**: In March 2025, China Merchants Group acquired a 51% stake in Indonesia's NPH Company for $6.122 million, which operates the largest container terminals in Jakarta. Additionally, a 70% stake in Brazil's Vistabay was acquired, which handles 560,000 barrels of crude oil daily [2][6]. - **Valuation and Dividend Potential**: The port sector is currently undervalued but shows high dividend potential. China Merchants is expected to have a dividend yield of 3.1% in 2024, while Shanghai Port is projected at 3.3%. H-shares for China Merchants and COSCO are expected to yield 5% and 5.8%, respectively. As capital expenditures decrease, companies are likely to increase their dividend payouts [2][7]. - **Market Response**: Following the announcement of the asset sale, shares of companies with overseas port assets, such as China Merchants Port, have seen significant increases, including a trading halt due to price surges, indicating market recognition of the value of port assets [2][3]. Other Important Insights - **Regional Performance Variability**: The Piraeus F4 terminal experienced a 12.9% year-on-year decline in total throughput in the first half of 2024 due to regional events, while other terminals in regions like Zeebrugge and Spain showed significant growth, indicating a mixed performance landscape across different geographical areas [2][5]. - **Strategic Resource Value**: The conference emphasized the increasing value of strategic resources in the context of global competition, suggesting that investors should pay attention to opportunities in companies like China Merchants and COSCO [2][7].