Zhitong Finance App News, Changhe (00001) issued an announcement. Due to the company's many unsuccessful attempts to find a solution, the company initiated international arbitration proceedings on August 20, 2026 for the Republic of Panama (Panama)'s violation of investment protection treaties. These treaties violated a series of measures taken by Panama during 2025 and 2026, which ultimately led Panama to destroy the franchise agreements of Port Balboa and Port Cristóbal and forcibly take over the port terminal.

The company claimed more than $1.5 billion in damages over its Panamanian investment. The Company's subsidiary, Port of Panama (PPC), will continue to maintain its different rights under separate arbitration initiated by PPC in accordance with the franchise agreement and the arbitration rules of the International Chamber of Commerce.

The Board strongly opposed Panamanian measures in violation of the Treaty. The company will continue to seek solutions with Panama while striving to preserve all of the company's rights and remedies under treaties and international law.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.