Zhengtongauto (01728) announced that the company has recently observed an increase in the stock price and volume. After conducting a reasonable inquiry into the relevant situation, the company confirms that, except as described below, it is not aware of any reasons that may have led to such changes in stock price or volume, or any information that must be disclosed to avoid the presence of false market in the company's securities, or any insider information required to be disclosed under Part XIV A of the Securities and Futures Ordinance.
According to the Zhitong Financial APP, Zhengtongauto (01728) announced that the company has recently observed an increase in the stock price and volume. After conducting a reasonable inquiry into the relevant situation, the company confirms that, except as described below, it is not aware of any reasons that may have led to such changes in stock price or volume, or any information that must be disclosed to avoid the presence of false market in the company's securities, or any insider information required to be disclosed under Part XIV A of the Securities and Futures Ordinance.
On August 4, 2023, the company announced the sale of the shares for sale (the public listing was not carried out due to the absence of a bid for the public listing) and the transfer of related debts in a public listing manner (August announcement). Unless otherwise defined, this announcement shall adopt the abbreviation defined in the August announcement. Considering the current market conditions, the company is considering whether to conduct a public listing, sale of shares for sale, and related debts again. The transaction may or may not take place.
In addition, the company has applied to the Stock Exchange for the resumption of trading in the company's shares from 9:00 am on October 2, 2024.