China ZhengTong Auto Services to Raise Over HK$59 Million From Share Placement
Zhengtongauto (01728.HK) plans to offer a discount of approximately 13.79% and issue a total of 0.4799 billion shares, raising a net of HKD 59.33 million.
On July 25th, Gelunhui reported that Zhengtong Auto (01728.HK) had signed two subscription agreements with two subscribers on July 25th, 2024. Accordingly, the company has granted permission to issue and distribute the subscription shares, while the two subscribers have agreed to subscribe for a total of 479,888,000 shares at a subscription price of HKD 0.125 per share. The subscription price is equivalent to a discount of about 13.79% to the closing price of HKD 0.145 per share reported by the HKEX on July 25th, 2024 (i.e., the day of the subscription agreements). The total number of subscription shares is
Zhengtongauto (01728) plans to offer approximately 13.79% discount to issue approximately 0.48 billion subscription shares, with a net raised fund of approximately HKD 59.33 million.
Zhengtongauto (01728) announced that on July 25, 2024, the company plans to issue shares to Yang Liguo and Li Xiaofeng jointly...
Express News | China ZhengTong Auto Services - to Allot and Issue 479.9 Mln Subscription Shares at HK$0.125 per Share
Most car dealers rose, Zhongsheng Holdings (00881) rose 5.37%, and the new car business of Daimotsu dealers is bottoming out
Jinwu Financial News | Most car dealers rose, with Zhongsheng Holdings (00881) up 5.37%, Meidong Auto (01268) up 3.59%, Yongda Auto (03669) up 2.58%, and Zhengtong Auto (01728) up 2%. According to a report published by Damo, there are recent reports that due to poor sales and poor sales of Porsche cars in mainland China, some Porsche dealers in China have launched a boycott. According to the bank, the profit margin of Chinese luxury car dealers on new cars has dropped to a level where dealers refuse to accept more inventory unless the manufacturer provides additional rebates. For dealers, the boycott shows that the new car business is on
The car dealership sector was under pressure, and Zhongsheng Holdings (00881) fell 8.15%. Consumer demand for car purchases in May did not meet expectations
Jinwu Financial News | The auto dealer sector was under pressure across the board. Zhongsheng Holdings (00881) fell 8.15%, Meidong Auto (01268) fell 7.51%, Yongda (03669) fell 4.19%, Zhengtong Auto (01728) fell 2.04%, and Harmony Auto (03836) fell 1.92%. According to data from the China Automobile Dealers Association, in the third week of May (May 13 to May 19), the used car market traded an average of 60,300 vehicles per day, down 5.53% from last week, and 8% from the same period in April. The average daily trading volume of the used car market continued in May
ZHENGTONGAUTO: ANNUAL REPORT 2023
Zhengtong Automobile (01728) and Shandong Cinda signed a 2024 project entrustment agreement with a total cost of no more than 9 million yuan
Zhitong Finance App News, Zhengtong Auto (01728) announced that on April 16, 2024, the company and Shandong Cinda signed a 2024 project entrustment agreement. According to this, Shandong Cinda will provide and install smart technology and weak current systems for the Group to upgrade and transform a number of facilities. The total cost should not exceed RMB 9 million. According to the announcement, the Group is currently upgrading and renovating several facilities. This process requires the installation of intelligent technology and weak current systems. The Group plans to further upgrade and renovate a number of facilities and carry out other intelligent weak electricity projects for the year ending December 31, 2024. Shandong Cinda is rich in this area
Zhengtong Auto (01728): Huang Junfeng has been appointed as the new chairman of the board
Zhengtong Automobile (01728) issued an announcement. Starting April 10, 2024, board members and some of its directors...
Zhengtong Auto (01728) announced annual results, losses attributable to shareholders of 891 million yuan, an increase of 200.72% year-on-year, achieving a contrarian increase in market share of core distribution brands
Zhengtong Auto (01728) announced its annual results for the year ended December 31, 2023. The group made profits during the period...
ZHENGTONGAUTO: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
China Zhengtong Auto Services Flags Loss for 2023; Shares Jump 14%
Zhengtong Auto (01728)'s net loss in 2023 is expected to increase year-on-year to no more than 830 million yuan
According to the Zhitong Finance App, Zhengtong Auto (01728) announced that despite a steady increase in revenue in 2023, gross margin declined due to intense competition and falling sales prices. It is expected that the Group's net loss for the year ended December 31, 2023 will not exceed RMB 830 million, while the net loss for the year ended December 31, 2022 was approximately RMB 297 million. The board of directors believes that although the company's business development trend is still good, it is limited by fierce competition in the automobile dealership industry, insufficient consumer demand in the overall market, and the decline in the average sales price of active brand cars
ZHENGTONGAUTO: PROFIT WARNING
Zhengtong Auto (01728.HK) held a board meeting on March 27 to consider and approve annual results
Gelonghui, March 15, 丨 Zhengtong Auto (01728.HK) announced that it will hold a board meeting on March 27, 2024 (Wednesday) to consider and approve the annual results and announcements of the company and its subsidiaries for the year ended 31 December 2023, the proposed final dividend (if any), and to deal with other matters.
ZHENGTONGAUTO: DATE OF BOARD MEETING
Zhengtong Auto (01728.HK) acquired shareholder Zhang Mei to increase her holdings by 8.042 million shares
Gelonghui, March 5 | According to the latest equity disclosure data on the Stock Exchange, on March 1, 2024, Zhang Mei, the shareholder of Zhengtong Auto (01728.HK), increased her holdings by 8.042 million shares at an average price of HK$0.236 per share, involving approximately HK$1.8979 million. After increasing her holdings, Zhang Mei's latest shareholding was 316,839,500 shares, and the shareholding ratio increased from 10.77% to 11.05%.
Auto dealers rose 4.47% to Haomeidong Auto (01268). Auto distribution industry sentiment increased in December last year
Jinwu Financial News | The auto dealer sector is improving. Meidong Auto (01268) rose 4.47%, Zhongsheng Holdings (00881) rose 4.29%, Zhengtong Auto (01728) rose 1.67%, and Yongda Auto (03669) rose 1.22%. The China Automobile Dealers Association released the results of the “Auto Dealer Inventory” survey for December 2023: The comprehensive inventory coefficient for car dealers in December was 1.20, down 16.1% from the previous month and up 12.1% year on year. Inventory levels were below the warning line, and the automobile distribution industry was booming.
Auto dealers were weak, and Zhongsheng Holdings (00881) fell 2.14% at the end of the year, the industry faced pressure from the dual indicators of operating indicators and single-store sales
Jinwu Financial News | Auto dealers are weak. Zhongsheng Holdings (00881) fell 2.14%, MeiDong Auto (01268) fell 1.72%, Zhengtong Auto (01728) fell 1.64%, and Yongda Auto (03669) fell 1.08%. According to the news, in December, dealers were under pressure from the dual indicators of the company's operating indicators and single-store sales at the end of the year, so a price war is imperative. A relevant person from the China Automobile Dealers Association said, “Despite a moderate recovery in automobile consumption, it is still far from dealers' goals and expectations. As we approach the end of the year, dealers receive year-end rebates in order to achieve their goals throughout the year, and continue to use
Xiamen Xinde to Buy 5.8% of Dongfeng Logistics Group for 331.5 Million Yuan
No Data