CNFTT boosts stake in Antong Holdings to over 19%

China National Foreign Trade Transportation (Group) Co., Ltd. (CNFTT) and its concerted parties have increased their combined stake in Antong Holdings, with their total shareholding rising from 18.09% to 19.01%. This change triggers a 1% integer multiple threshold, as reported by Antong Holdings on September 24, 2025.

Between September 22 and September 24, 2025, CNFTT acquired an additional 18,462,821 shares through centralized bidding, representing approximately 0.44% of the company's total share capital. Concurrently, China National Foreign Trade Transportation (Group) Co., Ltd. acquired 20,612,700 shares between September 17 and September 19, 2025, adding another 0.49% to their stake.

This acquisition aligns with previously disclosed plans and does not trigger a mandatory tender offer. Antong Holdings confirms that the change in shareholding will not alter the company's actual control or impact its governance structure and ongoing operations. However, some equity transfer agreements are still pending regulatory approval and registration, introducing a degree of uncertainty.