Antong Holdings sees COSCON increase stake with new loan

Antong Holdings announced on September 13, 2025, that the transfer of 217,500,000 unrestricted shares (representing 5.14% of total shares) by agreement was completed on September 10, 2025. This transfer involved China Ocean Shipping Container Lines Co., Ltd. (COSCON) acquiring shares from China Merchants Port Holdings Co., Ltd. and Guoxin Securities. Prior to this, on July 11, 2025, COSCON agreed to acquire a total of 7.10% of Antong Holdings' shares at RMB 3.20 per share from China National Chemical Asset Management Co., Ltd., China Merchants Port Holdings Co., Ltd., and Guoxin Securities.

Following the transfer, COSCON's stake in Antong Holdings increased to 7.13%. The company confirmed that this transaction does not trigger a tender offer, will not alter the company's actual control, and will not impact its governance structure or ongoing operations.

In a related development, Antong Holdings also announced on September 13, 2025, that COSCON secured a loan commitment from China Merchants Bank Shenzhen Branch. This loan, amounting to up to RMB 504,468,891.90, is specifically designated for increasing COSCON’s shareholding in Antong Holdings. The loan has a term of 36 months, supporting COSCON's plan to acquire between RMB 360 million and RMB 720 million worth of shares within 12 months from July 15, 2025.