April 17, 2017 / 3:07 PM / 3 months ago

BRIEF-Zhongsheng Group Holdings entered into subscription agreement

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April 17 (Reuters) - Zhongsheng Group Holdings Ltd :

* Company entered into a subscription agreement with investor, according to which company agrees to issue 120.6 million shares

* Shall use net proceeds from issue of subscription shares for developing dealership network

* Deal for aggregate subscription price of hk$1.34 billion Source text for Eikon: Further company coverage:

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