Car dealers were lower in the afternoon, with 01268.HK down 4.47 per cent at HK $24.55, 00881.HK down 4.09 per cent at HK $55.05 and 03669.HK down 2.38 per cent at HK $7.81.
About 01268.HK: China Meidong Automobile Holdings Co., Ltd. is a Chinese investment holding company mainly engaged in passenger car sales. The company's main business includes brand-specific car distribution authorized by automakers, new car sales, parts sales and the provision of after-sales service and investigation services in China. The company also sells used cars through its subsidiaries. The company's car brands include BMW, Lexus, Toyota and Hyundai.
About Zhongsheng Group (00881.HK): Zhongsheng Group Holdings Co., Ltd. is a Hong Kong investment holding company mainly engaged in automobile distribution business. The company's main business includes the sales of automobile and automobile-related products and the provision of automobile-related services. Its auto-related products include spare parts and automotive supplies. Its car-related services include repair and maintenance services as well as car beauty services. The company distributes car brands including Mercedes-Benz, Lexus, Audi, Porsche and Land Rover. The company mainly develops its business in China.
About 03669.HK: China Yongda Automobile Service Holdings Co., Ltd. is a company mainly engaged in passenger car sales. The company operates three branches. Passenger car sales and service division is mainly engaged in passenger car sales and provide after-sales services, including repair and maintenance, a number of automobile sales related services, other automobile related services. The automobile operation and leasing branch is engaged in the rental of motor vehicles for operation. The financial proprietary business division is mainly engaged in financial leasing and micro-loan business. The company mainly operates its business in the domestic market.
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