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An announcement from China Zhengtong Auto Services Holdings ( (HK:1728) ) is now available.
China Zhengtong Auto Services Holdings Limited has completed a significant transaction with Xinda Motors Co., Limited, involving a connected subscription that increased Xinda Motors’ shareholding to approximately 75% of the company. This move, which involved the issuance of over 6.6 billion new shares, marks a substantial shift in the company’s ownership structure and could have implications for its market positioning and stakeholder interests.
More about China Zhengtong Auto Services Holdings
China Zhengtong Auto Services Holdings Limited is a company incorporated in the Cayman Islands, primarily operating in the automotive services industry. The company focuses on providing a range of automobile-related services, including sales and after-sales services, with a significant presence in the Hong Kong market.
YTD Price Performance: 107.14%
Average Trading Volume: 5,465,900
Technical Sentiment Signal: Sell
Current Market Cap: HK$478.5M
For an in-depth examination of 1728 stock, go to TipRanks’ Stock Analysis page.