Zheng Quan Shi Bao·2025-08-24 19:30Core Viewpoint - The company, China Merchants Energy Transportation Co., Ltd., has approved a proposal for its wholly-owned subsidiary, Sinotrans Container Transportation Co., Ltd., to acquire shares of Antong Holdings Co., Ltd. for a maximum of 1.8 billion RMB [1] Group 1: Investment Details - Sinotrans Container Transportation plans to acquire a total of 333,742,322 shares of Antong Holdings, representing 7.89% of its total share capital [2] - The acquisition includes shares purchased through block trading and agreements with various asset management companies, including 33,333,334 shares from China Orient Asset Management and 82,908,988 shares from Sinochem Asset Management [2] - The completion of the share transfer agreements is subject to approval from the State-owned Assets Supervision and Administration Commission and compliance confirmation from the Shanghai Stock Exchange [2] Group 2: Future Plans - Sinotrans Container Transportation intends to increase its stake in Antong Holdings by investing between 360 million RMB and 720 million RMB within 12 months, with a maximum purchase price of 3.20 RMB per share [3] - As of the announcement date, the company has already acquired 50,876,231 shares, amounting to approximately 159 million RMB [3] - Due to the current share price exceeding the set limit, the company will adjust its strategy based on market conditions as authorized by the board [3]