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>>> Zhongsheng (881 HK) To raise up to HK$5.6B by issuing new shares & CB

Zhongsheng Group Holdings Ltd To raise up to HK$5.6B by issuing new shares and a convertible bond (total amounts to 20% of capital if bonds are converted) to Jardine Strategic Holdings Ltd-
To use proceeds to develop its dealership network and for working capital.
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