Brief: China Zhengtong Auto Services Updates On Proposed Spin-Off Of Shanghai Dongzheng Automotive Finance Co
20/03/2019 01:20
March 20 (Reuters) - China ZhengTong Auto Services Holdings
Ltd 1728.HK :
* UPDATES ON PROPOSED SPIN-OFF AND SEPARATE LISTING OF
SHANGHAI
DONGZHENG AUTOMOTIVE FINANCE CO
* AGREED TO REVISE OFFER PRICE NOT MORE THAN HK$6.30 PER H
SHARE
AND NOT LESS THAN HK$4.20 PER H SHARE
* EXPECTED THAT NEW OFFER PRICE WILL BE BELOW LOW END OF
INDICATIVE OFFER PRICE RANGE
Source text for Eikon: ID:nHKS83RsLQ
Further company coverage: 1728.HK
((Reuters.Briefs@thomsonreuters.com;))
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