China ZhengTong Auto Services Holdings Ltd. has disclosed the acquisition of Xiamen Xindeco's 4S dealership and automobile sales and export business. The transaction involves the purchase of 100% equity interest in Xindeco ITG Automobile and 100% of the issued share capital of ITG Auto (Thailand), aiming to expand the group's vehicle transshipment capabilities and accelerate its internationalisation strategy. Certain directors with connections to the Xiamen Xindeco Group have abstained from voting on the board resolutions related to the deal.
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