RPT-China ZhengTong sets HK IPO price at HK$6.80-8.60

Newswire

HONG KONG, Nov 22 (Reuters)- China ZhengTong Auto Services Holdings Ltd has set its Hong Kong initial public offering price in a range of HK$6.80 to 8.60 per share, according to a term sheet seen by Reuters on Monday. The company is offering 500 million shares and has an over-allotment option to issue another 75 million shares, the document said. JP Morgan is the deal's sole global coordinator. (Reporting by Leonora Walet; Editing by Ken Wills)

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