
What’s new: China Merchants Group Ltd. (CMG) is pushing ahead with a major restructuring as the state-owned conglomerate moves to consolidate its container line operations amid a global shipping boom.
Antong Holdings Co. Ltd. (600179.SH) plans to issue shares to China Merchants Energy Shipping Co. Ltd. (601872.SH) to buy the latter’s 100% stake in a container liner and 70% stake in a ro-ro shipping company, according to a stock exchange filing dated Thursday.