China Merchants Energy Shipping subsidiary boosts stake in Antong Holdings

China Merchants Energy Shipping (CMES) announced that its wholly-owned subsidiary, Sinotrans Container Lines, has made further progress in its external investment involving Antong Holdings Co., Ltd. Sinotrans Container Lines acquired a total of 333,742,322 shares of Antong Holdings, representing 7.89% of its total share capital, through block trades and agreement transfers on July 11, 2025. This included acquiring 33,333,334 shares from China Orient Asset Management Co., Ltd. (0.79%) and 82,908,988 shares from ChemChina Asset Management Co., Ltd. (1.96%).

Additionally, Sinotrans Container Lines acquired 39,000,000 shares from China Merchants Port Holdings Co., Ltd. (0.92%) and 178,500,000 shares from Guoxin Securities-CMB-Guoxin Stock Treasure No. 33 Collective Asset Management Plan (4.22%). These agreement transfers have recently received compliance confirmation from the Shanghai Stock Exchange and completed the share transfer registration. Furthermore, Sinotrans Container Lines increased its stake by acquiring 50,876,231 shares (1.20%) through centralized bidding.

The agreement transfer with ChemChina Asset Management Co., Ltd. still requires approval from the state-owned assets supervision and administration department and compliance confirmation from the Shanghai Stock Exchange, introducing an element of uncertainty. CMES cautions investors about potential market changes and unforeseen risks associated with these ongoing increases in holdings.