Antong Holdings issues update on asset acquisition

Antong Holdings (SSE:600179) has announced an update on its proposed acquisition of assets through the issuance of shares. The company intends to acquire 100% of China Shipping Container Lines and 70% of Guangzhou China Merchants Ro-Ro Transportation from China Merchants Energy Shipping. The transaction is classified as a major asset restructuring and involves related-party transactions. While Antong is actively working to advance the deal, certain transaction terms are still under discussion, leading to uncertainty about its finalization. The company will reconvene its board to review the matter and will disclose further details according to regulatory requirements. Investors are advised to monitor company announcements and exercise caution.