China ZhengTong Auto Services (HKG:1728) is unaware of any reason for the recent unusual fluctuations in its share price or trading volume of its shares except for the intended disposal of equity interest of a subsidiary, Goldrich, and related debts by way of public tender, a Tuesday Hong Kong bourse filing said.
The tender couldn't proceed as no bid was made for the public tender, however, looking at the current market conditions, the company is considering whether to undertake a further public tender for the aforementioned disposal of shares along with the related debts.
The company has applied for the resumption of trading in its shares with effect from Wednesday, which was halted on Monday.
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