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China ZhengTong Auto Services Holdings Limited announced the acquisition of Xindeco ITG Automobile and ITG Auto (Thailand) for a total provisional price of approximately RMB815.62 million. The acquisitions are subject to shareholder approval and represent a major transaction under the Listing Rules due to their combined percentage ratios. The completion of the transactions is contingent upon fulfilling certain conditions, including obtaining necessary approvals and authorizations.

Author

tracy0210zhu

Language

EN