CULINES and Antong Holdings Co., Ltd signed a framework agreement on capital investment cooperation at the head office of Guangzhou Port Group.
Mr. Yibo Li, president of Guangzhou Port Group, Mr. Jianqiang Lou, president of Antong Holdings Co., Ltd, and Mr. Raymond Chen, president, and CEO of CULINES, jointly attended and witnessed the signing ceremony. Mr. Chaoyang Guo and Mr. Kevin Ding, executive vice president of CULINES signed the capital investment cooperation framework agreement on behalf of both parties.
Deepening capital market cooperation
In 2021, CULINES and Antong Holdings Co., Ltd actively reacted to the call for both domestic and global trade double circulation in China and the supply chain of six stabilities and six guarantees. In order to carry out strategic cooperation, they jointly deployed 12 4250TEU container vessels in Trans-Pacific and European services.
Two sides will invest in shipping and logistics-related areas and explore all other capital investment opportunities
It further deepens investment cooperation in the capital market to expand collaborating areas between the two parties after signing the Framework Agreement on Strategic Cooperation on May 31st this year based on the existing consolidated good relationship. According to the agreement, the two sides will invest in shipping and logistics-related areas synergistically, and explore all other capital investment opportunities to strengthen the depth and breadth of the cooperation.
Working together and meeting market challenges
In the near future, the two parties will comprehensively express their cost-saving and professionalism under a cooperation framework to resist market fluctuations and challenges.
Meanwhile, they will constantly polish and upgrade to make more detailed, small, and beautiful products in the big market for customers to create value and bring them the ultimate experience.
Maritime development
The cooperation will also provide a great opportunity for them to superimpose innovation and differences and to establish their own independent product advantages in the upcoming cycle and balance in the shipping industry.
In the future, the two sides will continue to focus on domestic circulation as the main body, and establish domestic and international dual circulation so as to promote a new pattern of maritime development interactively. They will also work as a whole to persistently provide better and more efficient services to customers.