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China Zhengtong Auto Services Holdings ( (HK:1728) ) just unveiled an announcement.
China ZhengTong Auto Services Holdings has secured a further waiver from the Hong Kong Stock Exchange allowing temporary non-compliance with minimum public float requirements until 30 June 2026. The extension follows earlier waivers and is intended to give the company and its offeror, Xinda Motors, more time to place out and sell down shares amid recent rule changes on ongoing public float.
The company’s shares have remained suspended from trading since 2 July 2025 and will stay halted until further notice while efforts continue to restore sufficient public float. The announcement signals ongoing restructuring of the shareholder base and continued regulatory oversight, with the company promising further updates on progress toward meeting listing rules and resuming trading.
The most recent analyst rating on (HK:1728) stock is a Sell with a HK$0.13 price target. To see the full list of analyst forecasts on China Zhengtong Auto Services Holdings stock, see the HK:1728 Stock Forecast page.
More about China Zhengtong Auto Services Holdings
China ZhengTong Auto Services Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating in the automotive services sector. The group is primarily engaged in auto-related businesses, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1728, though trading has been suspended since mid-2025.
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.43B
Learn more about 1728 stock on TipRanks’ Stock Analysis page.