Quanzhou Municipal Government has formed a joint venture, with Chinese state-owned entities, China Merchants Port Holdings (CMPH) and AVIC Trust, to restructure the financially strapped Chinese liner shipping group Antong Holdings.
Antong Holdings, parent of Quanzhou Ansheng Shipping, said in a filing to the Shanghai Stock Exchange that Fujian China Merchants Ports Logistics Management Partnership (the literal translation of the Chinese name) has submitted a restructuring proposal to its...
https://container-news.com/government-backed-jv-to-restructure-antong-holdings/