China ZhengTong Auto Services Holdings Ltd. has announced an unconditional mandatory cash offer by CLSA Limited, on behalf of Xinda Motors Co., Limited, to acquire all issued shares of the company, excluding those already owned or agreed to be acquired by Xinda Motors and its concert parties. The announcement follows the waiver of a condition precedent relating to the Whitewash Waiver under the Subscription Agreement. The Connected Subscription Completion occurred on June 2, 2025.
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