Antong Holdings aborts major asset restructuring, citing agreement issues

Antong Holdings (SSE:600179) announced the termination of its planned major asset restructuring involving the acquisition of China Shipping Container Lines Co., Ltd.'s 100% equity and Guangzhou China Merchants Ro-Ro Transportation Co., Ltd.'s 70% equity. The decision was made by the board of directors on May 27, 2025, citing a failure to reach a consensus on transaction terms and significant changes in market conditions and the target companies since the restructuring was initially proposed. The company emphasized that the decision was made after careful consideration to protect the interests of the company and its shareholders. To address investor concerns, Antong Holdings will host an investor briefing on May 30, 2025, via an online interactive platform. During this session, management will discuss the reasons for the termination and respond to questions. The company has committed to refraining from planning any further major asset restructuring within the next month.