Antong Holdings (600179.SH) has received a decision to not conduct further review on the operator concentration anti-monopoly review.

date
24/09/2024
avatar
GMT Eight
Antong Holdings (600179.SH) announced that, according to previous announcements, the company plans to issue shares to China Merchants Energy Transportation Co., Ltd. to acquire 100% equity of COSCON and 70% equity of Guangzhou CNR Rolling Stock Transportation Co., Ltd. The State Administration for Market Regulation recently issued a decision to China Merchants Energy Transportation Co., Ltd. regarding the "Decision on not further conducting a review of the concentration of operators in the anti-monopoly review" (Anti-Zhi No. 2 review decision [2024] 466). The specific content is as follows: "According to Article 30 of the Anti-Monopoly Law of the People's Republic of China, after preliminary review, it is now decided that no further review will be conducted on the acquisition of equity of Antong Holdings Co., Ltd. by China Merchants Energy Transportation Co., Ltd. Your company can proceed with the concentration from now on. This case involves other matters outside the scope of the anti-monopoly review of operator concentration, which will be handled according to relevant laws."

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