[ET Net News Agency, 10 July 2020] Zhongsheng Group Holdings Limited (00881) said its
subsidiary ZS Dalian has agreed to acquire 100% of the equity interests in eight limited
liability companies (the target companies) for a net cash consideration of RMB720 million.
The target companies own six 4S dealerships for Mercedes-Benz located in Hubei, Fujian,
Yunnan and Jiangxi, and two 4S dealerships for Jaguar Land Rover located in Jiangsu and
Jiangxi. The target companies also own three land parcels in the PRC, with a total area of
25,300 square metres. (RC)