News / Antong to be swallowed up by state-owned China Merchants group

Photo: VesselFinder

A reshuffling of the state-owned China Merchants group’s container shipping business will see Antong Holdings, the holding company of Chinese domestic liner operator Quanzhou Ansheng Shipping, become a subsidiary of China Merchants Energy Shipping (CMES).

Antong announced yesterday it would facilitate its acquisition of Sinotrans Container Lines (Sinolines) and China Merchants Ro-Ro Transportation (also known as Guangzhou Ro-Ro) from CMES by issuing shares to the latter.

The acquisition was announced on 29 May, but the takeover method was not disclosed.

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