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The latest announcement is out from China Zhengtong Auto Services Holdings ( (HK:1728) ).
China Zhengtong Auto Services Holdings Limited has announced the dispatch of a composite document detailing an unconditional mandatory cash offer by CLSA Limited on behalf of Xinda Motors Co., Limited to acquire all issued shares not already owned by Xinda Motors. This move is expected to impact the company’s shareholding structure and may influence its market positioning, with further announcements anticipated if there are changes to the offer’s timetable.
More about China Zhengtong Auto Services Holdings
China Zhengtong Auto Services Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the automotive services industry. It focuses on providing a range of services related to automobiles.
YTD Price Performance: 111.43%
Average Trading Volume: 7,330,650
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.48B
See more insights into 1728 stock on TipRanks’ Stock Analysis page.