• BIST 1.087
  • Altın 447,944
  • Dolar 6,9493
  • Euro 8,1801
  • İstanbul 23 °C
  • Ankara 17 °C

China Merchants Port intends to invest in Antong Holdings restructuring

China Merchants Port intends to invest in Antong Holdings restructuring
The financially troubled Chinese container shipping company Antong Holdings has announced that the company has a potential investor in the shape of China Merchants Port to fund its restructuring.

According to the company’s filing, if Antong is granted restructuring by the ports, China Merchants Port or the related third parties designated by China Merchants Port are likely to invest in the company to support its restructuring, which is expected to consolidate and optimize the company’s main business and improve profitability.

Antong’s two subsidiaries, Antong Logistics and Ansheng Shipping, are in the process of structuring due to inability to repay debts. The company’s controlling shareholders, Guo Dongsheng and Guo Dongze, had been punished by Chinese authority for violating the securities laws and banned from entering the market for life.

Currently, the company is waiting for the final judgment from the court on restructuring, and hopes to avoid delisting from the stock market.

 

Turkish maritime news

 
This news is a total 1038 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |