ZHENGTONGAUTO (01728) Obtains Extended Waiver on Minimum Public Float Until 30 June 2026; Shares Stay Suspended

Bulletin Express

Mar 13

China ZhengTong Auto Services Holdings Limited (stock code: 01728, “ZHENGTONGAUTO”) announced that Hong Kong Exchanges and Clearing Limited granted the company a further waiver from strict compliance with Listing Rule 13.32B regarding the minimum public-float requirement. The extension covers the period from 1 January 2026 to 30 June 2026.

The latest approval follows an earlier temporary waiver that had run from 30 June 2025 to 31 December 2025. According to the company, additional time is required for the offeror, Xinda Motors Co., Limited, and the company to place out or sell down shares in order to restore the public float to the prescribed level.

Trading in ZHENGTONGAUTO shares has been suspended since 9:00 a.m. on 2 July 2025 and will remain halted until sufficient public float is re-established. The board stated it will issue further announcements on progress and trading resumption as required under the Listing Rules.

The company’s board currently comprises five executive directors—Chairman Huang Junfeng, Wang Mingcheng, Su Yi, Wu Xiaoqiang and Yu Lijie—and three independent non-executive directors—Tsui Wai Ling Carlye, Shen Jinjun and Yu Jianrong.

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The extension covers the period from 1 January 2026 to 30 June 2026.</p>\n<p>The latest approval follows an earlier temporary waiver that had run from 30 June 2025 to 31 December 2025. According to the company, additional time is required for the offeror, Xinda Motors Co., Limited, and the company to place out or sell down shares in order to restore the public float to the prescribed level.</p>\n<p>Trading in ZHENGTONGAUTO shares has been suspended since 9:00 a.m. on 2 July 2025 and will remain halted until sufficient public float is re-established. The board stated it will issue further announcements on progress and trading resumption as required under the Listing Rules.</p>\n<p>The company’s board currently comprises five executive directors—Chairman Huang Junfeng, Wang Mingcheng, Su Yi, Wu Xiaoqiang and Yu Lijie—and three independent non-executive directors—Tsui Wai Ling Carlye, Shen Jinjun and Yu Jianrong.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01728","symbol_name":"正通汽车","start_time":0,"source_url":"","article_id":"1159703364","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159703364","pubTimestamp":1773409295,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"China ZhengTong Auto Services Holdings Limited (stock code: 01728, “ZHENGTONGAUTO”) announced that Hong Kong Exchanges and Clearing Limited granted the company a further waiver from strict compliance...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01728":"正通汽车"},"translate_title":"正通汽车(01728)获延长最低公众持股量豁免至2026年6月30日；股票继续停牌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01728":1},"content_text":"China ZhengTong Auto Services Holdings Limited (stock code: 01728, “ZHENGTONGAUTO”) announced that Hong Kong Exchanges and Clearing Limited granted the company a further waiver from strict compliance with Listing Rule 13.32B regarding the minimum public-float requirement. 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The board stated it will issue further announcements on progress and trading resumption as required under the Listing Rules.\nThe company’s board currently comprises five executive directors—Chairman Huang Junfeng, Wang Mingcheng, Su Yi, Wu Xiaoqiang and Yu Lijie—and three independent non-executive directors—Tsui Wai Ling Carlye, Shen Jinjun and Yu Jianrong.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"SGX","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}