January 12, 2018 / 1:33 AM / 9 months ago

BRIEF-China Zhengtong Auto Services Holdings Company & Controlling Shareholder Enter Placing Agreement

Jan 12 (Reuters) - China Zhengtong Auto Services Holdings Ltd:

* COMPANY AND ITS CONTROLLING SHAREHOLDER, JOY CAPITAL, ENTERED INTO PLACING AGREEMENT

* INTENDS TO APPLY PROCEEDS FROM PLACING FOR DEVELOPMENT OF ITS AUTOMOBILE FINANCE BUSINESS.

* DEAL FOR PLACING PRICE OF HK$7.70 PER PLACING SHARE.

* ‍NET PROCEEDS FROM PLACING WILL AMOUNT TO HK$1.73 BILLION Source text for Eikon: Further company coverage:

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