Zhong Guo Jing Ji Wang·2025-05-28 03:26Core Viewpoint - Antong Holdings has decided to terminate the proposed share issuance for asset acquisition and related transactions due to a lack of consensus on transaction terms and changes in market conditions since the initial planning [1] Group 1: Transaction Details - Antong Holdings planned to acquire 100% equity of China Foreign Transport and 70% equity of Guangzhou China Merchants Roll-on Roll-off from China Merchants Energy Transportation through a share issuance [2][9] - The share issuance price was set at 2.41 yuan per share, complying with regulations that require the price to be no less than 80% of the average trading price over specified periods [3][4] - The transaction was expected to constitute a major asset restructuring and related party transaction as per the regulations [1] Group 2: Financial Performance - For the year 2024, Antong Holdings reported a revenue of 7.549 billion yuan, a year-on-year increase of 2.80%, and a net profit of 610 million yuan, up 7.53% [11][12] - In the first quarter of 2025, the company achieved a revenue of 2.042 billion yuan, representing a 26.35% increase year-on-year, with a net profit of 241 million yuan, a significant rise of 371.53% [12][14] - The financial data of China Foreign Transport and Guangzhou China Merchants Roll-on Roll-off were also provided, indicating their operational scale and profitability [5][7][8]