Antong Holdings: Sinotrans Container Lines boosts stake with SASAC approval

Antong Holdings announced on July 11, 2025, that its shareholder, Sinotrans Container Lines Co., Ltd. (Sinotrans Container Lines), received approval from the State-owned Assets Supervision and Administration Commission (SASAC) for an agreement to acquire shares from China National Chemical Asset Management Co., Ltd. (ChemChina Asset Management). This approval relates to the transfer of 82,908,988 unrestricted circulating shares, representing 1.9593% of Antong Holdings' total share capital.

The shares, valued at yuan 3.20 per share, total yuan 265,308,761.60. Following this transaction, Sinotrans Container Lines' stake in Antong Holdings will increase from 8.1455% (344,677,834 shares) to 10.1048% (427,586,822 shares), while ChemChina Asset Management will no longer hold shares. The company confirmed that this transfer will not alter its controlling shareholder.

The transaction is contingent on confirmation from the Shanghai Stock Exchange and registration with China Securities Depository and Clearing Corporation Limited. Antong Holdings emphasized that it will continue to provide timely disclosures on the progress of this share transfer.