Brief: China Zhengtong Auto Services Says Court Decided To Freeze Co's 1.52 Billion Shares And Dividends

China Zhengtong Auto Services Holdings

08/02/2022 15:41

Feb 8 (Reuters) - China ZhengTong Auto Services Holdings Ltd
 1728.HK :
    * COURT DECIDED TO FREEZE CO'S 1.52 BILLION SHARES AND
DIVIDENDS
HELD IN DONGZHENG AFC FROM 26 JAN 2022 TO 25 JAN 2025
    * CO DECIDED NOT TO APPLY FOR AN APPEAL TO REVOKE FREEZING
ORDER
    * HAS TERMINATED ITS DISCUSSIONS WITH AN INDEPENDENT THIRD
PARTY
ABOUT POTENTIAL DISPOSAL OF DONGZHENG AFC SHARES
    * UNABLE TO ASCERTAIN TIMING AND PRICE OF DISPOSAL OF CO'S
INTERESTS IN DONGZHENG AFC
    * CANNOT DETERMINE OVERALL FINANCIAL IMPACT OF DISPOSAL
    * APPLICATION HAS BEEN MADE BY CO TO STOCK EXCHANGE FOR
RESUMPTION
OF TRADING IN SHARES OF CO WEF 9 : 00 A.M. ON 9 FEB

Source text for Eikon:  ID:nHKS69wQd8 
Further company coverage:  1728.HK 

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