China Zhengtong Auto Services Holdings ( (HK:1728) ) just unveiled an announcement.
China Zhengtong Auto Services Holdings Limited announced a delay in the dispatch of a circular related to a connected transaction with Xinda Motors Co., Limited, involving a subscription of shares under a specific mandate. The delay is due to the need for more time to finalize advice letters and financial information. The transaction’s completion and the granting of a Whitewash Waiver are subject to certain conditions and shareholder approvals, which may impact the progression of the transaction and the potential mandatory cash offer by CLSA Limited.
More about China Zhengtong Auto Services Holdings
China Zhengtong Auto Services Holdings Limited operates in the automotive industry, focusing on providing comprehensive auto dealership services. The company is involved in the sale of vehicles and offers a range of related services, strengthening its position in the automotive market.
Average Trading Volume: 3,933
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $43.66M
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