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China Zhengtong Auto Services Holdings ( (HK:1728) ) has shared an update.
China Zhengtong Auto Services Holdings Limited has announced its strategic transition towards new energy vehicles, enhancing its operations by optimizing management, restructuring underperforming stores, and strengthening digital capabilities. The company has secured 17 new energy brand authorizations and is expanding its business across key regions in China, while also leveraging ITG Holding’s experience to expand internationally. This move is expected to solidify its market position and enhance its operational efficiency.
More about China Zhengtong Auto Services Holdings
China Zhengtong Auto Services Holdings Limited is engaged in the 4S dealership business, supply chain business, and comprehensive properties business in the People’s Republic of China. The company focuses on mid-to-high-end automotive brands and is transitioning to new energy vehicles.
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.43B
See more insights into 1728 stock on TipRanks’ Stock Analysis page.