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China Merchants Shipping (601872.SH): Intended to obtain control of Antong Holdings
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Zhitong Finance App News, China Merchants Shipping (601872.SH) announced that since July 11, 2025, Sinotrans Container Transport Co., Ltd. (“Sinotrans Shipping”), a wholly-owned subsidiary of the company, has increased its holdings of 632 million shares of Antong Holdings Co., Ltd. (“Antong Holdings”) through agreed transfers, bulk transactions, and centralized bidding methods, accounting for 14.94% of its total share capital. It is the single largest shareholder of Antong Holdings and is the single largest shareholder of Antong Holdings Limited (“China Merchants Group”) The plan is to hold Antong Holdings 24.84% of the shares.

In order to accelerate the control, management leadership and capacity coordination of Antong Holdings and implement the established investment goals, the company's subsidiary Sinotrans Shipping recently proposed in writing to the board of directors of Antong Holdings to amend the company's articles of association and restructure the board of directors of Antong Holdings. If the relevant bill is reviewed and passed by the Antong Controlling Shareholders' Meeting, the controlling shareholder of Antong Holdings will be changed from Fujian China Aviation Logistics Management Partnership (limited partnership) to Sinotrans Transportation, and the actual controller of Antong Holdings will be changed from China Merchants Group without an actual controller.

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