COSCO Shipping Ports (CSP), the COSCO group’s terminal operating arm, has gained control over Tianjin Port Container Terminal (TCT), after acquiring additional shares from Tianjin Port Holdings.
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The post COSCO Shipping Ports ups stake in Tianjin
https://container-news.com/cosco-shipping-ports-ups-stake-in-tianjin/
Chinese domestic liner shipping group Antong Holdings announced on 19 December 2020 that it has completed its year-long restructuring process.
Alluding to its two main subsidiaries, Quanzhou Ansheng Shipping and Quanzhou Antong Logistics, Antong said, “After the company began restructuring, we have resolved the debt crisis of our two core subsidiaries through debt settlement, capital investment, and financial assistance. These have greatly improved the subsidiaries’ balance sheets.”
Antong said...
https://container-news.com/antong-completes-year-long-reorganisation/
Just a day after securing a government bailout, cash-strapped Chinese domestic liner operator Antong Holdings has begun selling assets to raise cash.
On 15 October Antong’s administrators announced that from 22-23 October, all the assets of the group’s wholly owned subsidiary, Guangxi Changrong Shipping, will be auctioned on Chinese e-commerce site Taobao.
Guangxi Changrong is the vessel-owning vehicle for Chang Rong 6, a 2013-built 798TEU general cargo ship to be sold, with bids starting from...
https://container-news.com/antong-auctions-ship-after-government-bailout/
Chinese state-owned groups China Merchants Port Holdings (CMPH) and Aviation Industry Corporation of China (AVIC) have expressed an interest in restructuring troubled Chinese domestic container shipping group Antong Holdings.
In filings submitted to the Shanghai Stock Exchange (SSE) on 24 July 2020, Antong, which operates a liner service through Quanzhou Ansheng Shipping, said that it had signed an agreement with AVIC Trust, a non-banking financial institution.
On 28 July 2020, Antong made...
https://container-news.com/troubled-antong-mulls-restructuring-options/
Guo Dongze and Guo Dongsheng, majority shareholders of Chinese domestic container operator Antong Holdings, and other senior staff have been penalised by the China Securities Regulatory Commission (CSRC) for failing to disclose lawsuits against the company.
Antong Holdings stated in a filing to the Shanghai Stock Exchange on 4 July that CSRC’s investigations showed that from February 2017 to March 2019, the Guo brothers provided unauthorised guarantees amounting to CNY633.36 million (US$90.15...
https://container-news.com/chinas-securities-watchdog-punishes-antong-bosses/
CMA CGM has completed a first transaction related to the sale of eight port terminals to Terminal Link.
CMA CGM and CMP receive an EU approval for the sale of stakes in ten port terminals to Terminal Link.
Three Asian groups are interested in acquiring two container terminals up for sale by Brazilian private port operator Wilson Sons, Brazilian newspaper Valor Economico reported on Thursday (Nov.8).
Singapore’s PSA, China’s Hutchison Port Holding and China Merchant Port Holdings have delivered non-binding proposals for terminals in Salvador, in the northeastern state of Bahia, and Rio Grande, in the southern state of Rio Grande do Sul, the paper said, without disclosing its source.
http://container-news.com/asian-groups-acquire-brazilian-terminals/