China ZhengTong Auto Services (HKG:1728) has completed the issue of 6,669,060,524 new shares to Xinda Motors at HK$0.15 apiece for about HK$1 billion, a Monday Hong Kong bourse filing said.
The shares represent about 66.58% of the automobile dealer's shares in issue.
Xinda Motors' stake in the company has risen to 75% as a result, mandating the former to make a general offer to buy the rest of the company's shares.
A joint composite document regarding the offer will be issued and dispatched by Xinda Motors and the company to the latter's shareholders.
CLSA will manage the offer, which will be made at HK$0.15 per share, on behalf of Xinda Motors.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。