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China Zhengtong Auto Services Holdings ( (HK:1728) ) has provided an update.
China ZhengTong Auto Services Holdings Limited has called an extraordinary general meeting for 20 January 2026 in Xiamen, where shareholders will vote on approving two significant acquisition agreements in mainland China and Thailand. The proposals cover the conditional purchase of 100% equity in Xindeco ITG Automobile in the PRC and 100% of the issued share capital of ITG Auto (Thailand), with the board seeking authorization for the chairman or his delegate to complete all necessary steps to implement these transactions, potentially expanding the group’s regional automotive footprint and reshaping its operational and geographic portfolio.
More about China Zhengtong Auto Services Holdings
China ZhengTong Auto Services Holdings Limited is a Hong Kong-listed automotive services group incorporated in the Cayman Islands, operating through subsidiaries in mainland China and overseas. The company is engaged in the broader auto services and dealership sector, focusing on the sale and servicing of motor vehicles and related businesses within the Chinese market and selected international markets.
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.43B
See more data about 1728 stock on TipRanks’ Stock Analysis page.