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China Merchants may be eyeing new bid for Antong's intermodal operation
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China Merchants may be eyeing new bid for Antong's intermodal operation
The China Merchants group might be aiming to link its sea freight business with affiliate Antong Holdings’ intermodal transport operations. Its shipping subsidiary, China Merchants Energy Shipping (CMES), whose core business is dry bulk and oil shipping, now controls 12.22% of Antong, which owns coastal line Quanzhou Ansheng Shipping and forwarder Quanzhou Antong Logistics. CMES and Antong are listed on the Shanghai Stock Exchange, whose regulat…
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