On May 28, CMES officially announced the termination of its planned restructuring involving two key subsidiaries—Sinotrans Container Lines and China Merchants Ro-Ro Shipping. The transaction was designed as a backdoor listing via asset injection into Antong Holdings (600179.SH).

The move follows a year-long process involving regulatory approvals, antitrust clearance, and SASAC valuation filings. Despite significant progress, CMES cited a failure to reach agreement on core transaction terms and changes in market conditions as the reason for termination.

CMES has stated that ending the restructuring will not negatively impact its operations or financial health. The company remains committed to growing its container and ro-ro shipping businesses and exploring flexible capital market opportunities.

This decision underscores a prudent approach amid market uncertainty—demonstrating that strategic patience can be just as valuable as aggressive expansion.

by Xinde Marine News Chen Yang

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