China ZhengTong Wins Minority Shareholder Approval for PRC and Thailand Auto Acquisitions

Tip Ranks
2026.01.20 13:07
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Independent shareholders of China ZhengTong Auto Services Holdings Limited have approved a resolution for acquisitions in mainland China and Thailand, with 99.056% voting in favor. The acquisitions involve Xiamen ZhengTong and others in China, and Tongda Group and others in Thailand. Major shareholders abstained from voting, indicating strong minority support for the expansion. The latest analyst rating for the stock is a Sell with a price target of HK$0.13. The company operates in the Greater China region, focusing on automobile sales and services.