China ZhengTong Auto Services Holdings Completes Connected Subscription and Announces Mandatory Cash Offer by Xinda Motors

Reuters
02 Jun
China ZhengTong Auto Services Holdings Completes Connected Subscription and Announces Mandatory Cash Offer by Xinda Motors

China ZhengTong Auto Services Holdings Ltd. has announced the completion of a connected subscription and an unconditional mandatory cash offer by CLSA Limited on behalf of Xinda Motors Co., Limited. The offer aims to acquire all issued shares of China ZhengTong Auto Services Holdings Limited, excluding those already owned or agreed to be acquired by Xinda Motors and parties acting in concert with it. This update follows the initial joint announcement and confirms the ongoing acquisition process. The announcement was made by China ZhengTong Auto Services Holdings Ltd. on June 2, 2025.

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