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BRIEF-China Zhengtong Says To Sell HK$1 Bln Shares To Xinda Motors For Business Operation

Reuters
01/26
BRIEF-China Zhengtong Says To Sell HK$1 Bln Shares To Xinda Motors For Business Operation

Jan 26 (Reuters) - China ZhengTong Auto Services Holdings Ltd 1728.HK:

  • SAYS TO SELL 6.67 BILLION NEW SHARES TO XINDA MOTORS, RAISING HK$1 BILLION ($128.42 million) FOR BUSIENSS OPERATION, TO REPAY DEBT

Source text

Further company coverage: 1728.HK

($1 = 7.7869 Hong Kong dollars)

(Reporting by Hong Kong newsroom)

((donny.kwok@thomsonreuters.com; +852 3462 7745;))

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