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BRIEF-China Zhengtong Auto Services Updates On Proposed Spin-Off Of Shanghai Dongzheng Automotive Finance Co

March 20 (Reuters) - China ZhengTong Auto Services Holdings Ltd:

* UPDATES ON PROPOSED SPIN-OFF AND SEPARATE LISTING OF SHANGHAI DONGZHENG AUTOMOTIVE FINANCE CO

* AGREED TO REVISE OFFER PRICE NOT MORE THAN HK$6.30 PER H SHARE AND NOT LESS THAN HK$4.20 PER H SHARE

* EXPECTED THAT NEW OFFER PRICE WILL BE BELOW LOW END OF INDICATIVE OFFER PRICE RANGE Source text for Eikon: Further company coverage: