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China Merchants Energy Shipping (601872.SH): Antong Holdings plans to become the controlling shareholder of Sinotrans CSC and China Merchants Ro-Ro.
On June 12th, Geelong released that Antong Holdings intends to purchase the 100% equity of Sinotrans CSC and 70% equity of China Merchants Ro-Ro held by China Merchants Energy Shipping (CMS) by issuing shares. The aforementioned transaction is expected to constitute the restructuring of Sinotrans CSC and China Merchants Ro-Ro which are subsidiaries of CMS to be listed separately. The company's equity structure will remain unchanged after the completion of this spin-off, and Antong Holdings will become the controlling shareholder of Sinotrans CSC and China Merchants Ro-Ro. With the completion of this transaction, CMS is expected to become the controlling shareholder of Antong Holdings for the purpose of restructuring its subsidiaries through spin-off and listing.
Express News | China Merchants Energy Shipping plans to split and reorganize its subsidiaries for listing.
DBS: Very optimistic about the future 1 to 2 year up cycle of oil tankers.
According to a research report released by Daiwa Securities, due to tight supply, the outlook for the next one to two years for oil tankers is still very optimistic for the upward cycle.
Major banks rating | Deutsche Bank: if the disruption of the Red Sea continues, the rising trend of container spot freight rates may continue into the summer.
Morgan Stanley's research report released on June 12th pointed out that due to tight supply, the oil tanker's upward cycle for the next 1 to 2 years is still very optimistic. If the disruptions in the Red Sea continue, the rise in container spot freight rates may continue until the summer, but the issue of oversupply is still worrying. Daiwa recommends that investors buy Cosco Shipping Energy Transportation and China Merchants Energy Shipping during the off-season in the second and third quarters of this year.
Express News | As of now, 14 A-share listed companies have announced that they will no longer renew PwC as their auditor for the year 2024. Bank of China has adjusted its cooperation with PwC to provide professional services for the review of mid-term financial reports
Express News | Shipping concept stocks rose again, with Jifeng Energy up nearly 9%, and Shanghai Kaichuang Marine International, COSCO Ship Energy, Beijing Changjiu Logistics Corp., Bohai Ferry Group, China Merchants Energy Shipping, Nanjing Tanker Corporation following
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