China Merchants and AVIC Trust join Antong restructuring

Financially troubled Chinese domestic container shipping major Antong Holdings has announced that Fujian Zhaohang Logistics Management has submit an application with administrators to join the restructuring of the company. According to company registration information, Fujian Zhaohang has just been jointly established by China Merchants Port Holdings (CMPH) and AVIC Trust earlier this month. In March, …

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