Zheng Quan Zhi Xing·2025-08-24 16:18Core Viewpoint - China National Freight Forwarding Co., Ltd. (China Freight) plans to increase its stake in Antong Holdings Co., Ltd. with an investment ranging from 300 million to 600 million yuan within 12 months, following the approval of its board of directors [1][2]. Group 1: Investment Details - The board of directors approved the investment proposal on July 31, 2025, allowing the company to use its own funds to acquire shares of Antong Holdings [1]. - The planned increase in shareholding is set to be executed through various methods, including but not limited to agreement transfers, block trades, or centralized bidding [1]. - The initial share purchase price was set at a maximum of 3.20 yuan per share; however, due to the current market price exceeding this limit, the company will adjust its strategy based on market conditions [2]. Group 2: Current Status - As of the date of the announcement, China Freight has already acquired 11,545,900 shares of Antong Holdings, representing approximately 0.27% of the total share capital, with an investment amounting to about 37 million yuan (excluding taxes) [2]. - The company is authorized to proceed with the share acquisition without being constrained by the previously set price limit, allowing for more flexibility in its investment strategy [2].