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CHINA: China Zhengtong Auto Services readies IPO

By just-auto.com editorial team | 23 November 2010

The planned IPO of China Zhengtong Auto Services Holdings will look to raise up to US$554m, documents have suggested.

According to a Dow Jones report, a term sheet sets out that the Chinese auto company is selling 500m shares in an indicative price range of HK$6.80-HK$8.60 each.

The company will price the deal on 3 December.