ZHENGTONGAUTO (01728) has completed the acquisition of Xiamen Xinde Co Ltd.'s 4S dealership, as well as its automotive sales and export business.
Zhengtong Automobile (01728) announced that after independent shareholders approved the acquisition at a special meeting of shareholders, the completion of (China) and completion of (Thailand) have both been implemented on March 12, 2026. Following the completion of the acquisition, Xinda Guomao Automobile and Guomao Automobile (Thailand) have both become wholly-owned subsidiaries of the company.
ZHENGTONGAUTO (01728) announced that after approval by independent shareholders at a special shareholders' meeting, the acquisitions of (China) and (Thailand) were completed on March 12, 2026. After the completion of the acquisitions, Xinda Guomao Automotive and Guomao Automotive (Thailand) have both become wholly-owned subsidiaries of the company.
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