China's Zhongsheng Group Holdings plans to issue notes

By Christine Van Dusen

Atlanta, April 11 - China's Zhongsheng Group Holdings Ltd. is planning a Regulation S-registered issue of notes, according to a company filing.

Proceeds will be used for general corporate and working capital purposes, as well as for expanding the company's distribution network of dealerships through growth and acquisitions, alliances, joint ventures and other strategic investments.

Zhongsheng Group is an automobile dealership company based in Beijing.

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