China Zhengtong Auto Services Holdings (HK:1728) has released an update.
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China ZhengTong Auto Services Holdings Limited has successfully completed the issuance of 479,888,000 new shares at HK$0.125 each, raising approximately HK$59.33 million net proceeds, aimed at repaying bank loans. This subscription has altered the company’s shareholding structure, with the new shares representing approximately 14.34% of the enlarged issued share capital. Significant changes in shareholder percentages include Xiamen ITG Holding Group’s stake decreasing to 25.19%, while new subscribers now hold around 14.35% of the company.
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