On September 21st 2022, 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, Mr Raymond Chen, president and CEO of CULINES, jointly attended and witnessed the signing ceremony. In addition, Mr Chaoyang Guo, and Mr Kevin Ding, executive vice president of CULINES, signed the capital investment cooperation framework agreement on behalf of both parties.
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. They jointly deployed twelve 4,250 TEU container vessels in Trans-Pacific and European services to carry out strategic cooperation. 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 cooperation’s depth and breadth.
Shortly, 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. Furthermore, the cooperation will also provide an excellent opportunity for them to superimpose innovation and differences and to establish their 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 to interactively promote a new pattern of maritime development. They will also continue to provide better and more efficient customer service.
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