China ZhengTong Auto Services Holdings Completes Connected Subscription and Announces Mandatory Cash Offer by Xinda Motors

Reuters

06-02

China ZhengTong Auto Services Holdings Completes Connected Subscription and Announces Mandatory Cash Offer by Xinda Motors

China ZhengTong Auto Services Holdings Ltd. has announced the completion of a connected subscription and an 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 Limited, excluding those already owned or agreed to be acquired by Xinda Motors and parties acting in concert with it. This update follows the initial joint announcement and confirms the ongoing acquisition process. The announcement was made by China ZhengTong Auto Services Holdings Ltd. on June 2, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China ZhengTong Auto Services Holdings Ltd. published the original content used to generate this news brief on June 02, 2025, and is solely responsible for the information contained therein.

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