China Merchants Energy Shipping becomes largest shareholder in Antong Holdings

China Merchants Energy Shipping (CMES) is poised to become the largest shareholder in Antong Holdings after announcing a strategic acquisition of up to 13.8% of the domestic container shipping firm. The move follows the recent collapse of a previously planned asset deal between the two state-backed players. CMES will invest up to RMB1.8bn ($250 m) …

splash247