Antong Holdings continues asset acquisition, faces uncertainty

Antong Holdings (SSE:600179) has announced continued progress on its plan to acquire 100% equity of China Foreign Transportation Container Lines and 70% equity of Guangzhou China Merchants Ro-Ro Transportation through the issuance of shares. The company is actively pushing forward with the acquisition. However, the completion of the deal is still subject to further decision-making by relevant parties and regulatory approvals. The company has stated that it will continue to fulfill its information disclosure obligations and has advised investors to pay attention to subsequent announcements.