YONGDA AUTO (03669.HK) announced the Company has been informed by Sun Moon China Investment Company Limited, a shareholder of the Company that, on May 22 2013, (after trading hours of The Stock Exchange Hong Kong Limited), Sun Moon, as the seller, and its sole shareholder Mr. Gu Mingchang, as the warrantor, entered into a placing agreement with UBS AG, Hong Kong Branch, The Hongkong and Shanghai Banking Corporation Limited and Merrill Lynch Far East Limited, pursuant to which, Sun Moon has agreed to sell, and the Placing Agents have agreed, on a several basis, to procure purchasers for or, fai...