China ZhengTong Auto rises to 3-week high, unit gets IPO nod

China Zhengtong Auto Services Holdings

14/11/2018 07:14

** Shares in Hong Kong-listed China ZhengTong Auto Services
Holdings Ltd  1728.HK  jump as much as 9.8 pct to HK$4.13,
highest since Oct. 23, after its unit receives listing approval
    ** The stock of the passenger motor vehicle seller later
trims gains to HK$3.90, still up 3.7 pct
    ** Co says its non-wholly owned unit Shanghai Dongzheng
Automotive Finance Co Ltd has received approval for a potential
H-share initial public offering (http://bit.ly/2PUedAK)
    ** As of the previous close, the stock has fallen 52.47 pct
so far this year
    ** Hong Kong benchmark index  .HSI  falls 0.5 pct   

 ((Reuters Messaging:
tingting.liu.thomsonreuters.com@reuters.net))