DCSX has approved the listing of 126,900,000 shares of  HONGTING GROUP OVERSEA HOLDINGS LIMITED (HTGP). Biztrack Consultants is the mandated Listing Advisor.

The Company was incorporated in BVI on 11 August 2017 as the listing entity of the Operating Company and its subsidiaries, for its proposed listing on DCSX.
The Operating Company is a company registered in China with an operating track record of more than three years. The principal businesses of the Group, which are carried out by the Operating Company, are that as an operator of a chain of 4S service centres and provider of other ancillary services such as car grooming, emergency vehicle recovery, vehicle inspection and operating charging stations for electric vehicles. Currently, the Group operates nine full-service 4S centres located in Luzhou City and Zigong City in Sichuan Province and Zunyi City in Guizhou
Province in south‐western China. The Group is based in Luzhou City in Sichuan Province, China.
The Group earns its revenue (and cash inflows) from the following sources:
(a) sales commissions received from car manufacturers for the sale of cars purchased by customers who purchase cars through the Group’s showrooms;
(b) service fees received from customers and car owners for providing various services including but not limited to vehicle repairs, car washing, car grooming, vehicle bodywork repairs and repainting;
(c) proceeds received from the sales of spare parts (if not supplied as part of repair services) and car accessories to customers; and
(d) fees received from customers for charging their electric vehicles at our charging stations. The Group’s net income before taxes is derived after deducting expenses such as salaries, cost of spare parts, rentals of shop premises, administration and other expenses.

The directors o9f the Company believe that the listing of the Shares on DCSX is beneficial for the company  and its shareholders because a listing on DCSX will:

•  facilitate the Group to raise further capital when such additional capital is required to expand the Group’s business operations or for such other purposes as they may arise; and
• make the Company a more attractive investment target to suppliers, customers, and other strategic partners because the Company accepts and submits itself to the regulations under the Listing Rules, particularly on issues such as continual disclosures and corporate governance. This will allow for these other stakeholders to take equity stakes in the Company so
  that their interests are aligned with those of the Company and the Group.

Further details about the business will be found in the Information Memorandum.