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Antong Holdings announced that the controlling shareholder of the company is China Aviation Logistics, and there is currently no actual controller. Sinotrans Shipping holds 14.94% of the company's shares and is the single largest shareholder. Together, it holds 24.84% of the shares with those acting in concert. Sinotrans Shipping recently proposed amending the company's articles of association and restructuring the board of directors. The board of directors has reviewed and passed a bill relating to the early election. Sinotrans Transportation and China Merchants Port have nominated more than half of the directors in total. If reviewed and approved by the shareholders' meeting, the controlling shareholder of the company will be changed to Sinotrans Logistics, and the actual controller will be changed to China Merchants Group.
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Antong Holdings announced that the controlling shareholder of the company is China Aviation Logistics, and there is currently no actual controller. Sinotrans Shipping holds 14.94% of the company's shares and is the single largest shareholder. Together, it holds 24.84% of the shares with those acting in concert. Sinotrans Shipping recently proposed amending the company's articles of association and restructuring the board of directors. The board of directors has reviewed and passed a bill relating to the early election. Sinotrans Transportation and China Merchants Port have nominated more than half of the directors in total. If reviewed and approved by the shareholders' meeting, the controlling shareholder of the company will be changed to Sinotrans Logistics, and the actual controller will be changed to China Merchants Group.
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