Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
China Zhengtong Auto Services Holdings ( (HK:1728) ) has issued an announcement.
China Zhengtong Auto Services Holdings Limited announced a connected transaction involving the subscription of shares by Xinda Motors Co., Limited. This agreement plans to issue over 6.6 billion shares, significantly increasing Xinda Motors’ stake in the company to potentially 75% of the issued share capital. The transaction, subject to shareholder approval and regulatory permissions, could impact the company’s control structure and market positioning.
More about China Zhengtong Auto Services Holdings
China Zhengtong Auto Services Holdings Limited is a company incorporated under the laws of the Cayman Islands, focusing on the automotive services industry. It is involved in providing a range of services related to the automotive sector.
YTD Price Performance: 170.0%
Average Trading Volume: 3,933
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $46.61M
For detailed information about 1728 stock, go to TipRanks’ Stock Analysis page.
