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An update from China Zhengtong Auto Services Holdings ( (HK:1728) ) is now available.
China Zhengtong Auto Services Holdings Limited has announced the acquisition of Xiamen Xindeco’s 4S dealership and automobile sales and export business. This strategic move involves purchasing 100% equity interest in Xindeco ITG Automobile and ITG Auto (Thailand) for approximately RMB793.49 million and RMB22.13 million, respectively. The acquisitions are subject to shareholder approval and are considered major transactions under the Listing Rules, potentially enhancing Zhengtong’s market position and expanding its operational footprint in the automotive sector.
More about China Zhengtong Auto Services Holdings
China Zhengtong Auto Services Holdings Limited operates in the automotive industry, focusing on the 4S dealership model, automobile sales, and export business. The company is involved in acquiring and managing dealerships and related automotive services, primarily in the People’s Republic of China and expanding into other markets like Thailand.
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.43B
See more data about 1728 stock on TipRanks’ Stock Analysis page.