China ZhengTong Auto Services Holdings Ltd. has released a monthly update regarding the potential acquisition of its shares. This update concerns the ongoing connected subscription and a possible unconditional mandatory cash offer by CLSA Limited on behalf of Xinda Motors Co., Limited. The offer aims to acquire all issued shares of China ZhengTong Auto Services Holdings, excluding those already owned or agreed to be acquired by Xinda Motors and related parties. The announcement highlights progress in this corporate transaction, with key figures involved, such as Mr. Huang Junfeng, Chairman of China ZhengTong, and Mr. Wang Mingcheng, Director of Xinda Motors. The transaction remains subject to certain conditions being met.
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