Brief: China Harmony New Energy Auto Holding updates on establishment of Aiche Company

China Harmony Auto Holding

04/01/2016 24:11

Jan 4 (Reuters) - China Harmony New Energy Auto Holding Ltd  3836.HK : 
 * Henan harmony, a wholly-owned subsidiary of the company, signed a series of agreements with harmony futeng 
 * Deal in relation to the establishment of Zhejiang aiche internet intelligent electric vehicle co 
 * Harmony futeng and henan harmony have agreed that share transfer agreement dated 7 December 2015 will not proceed 
 * "Henan harmony will transfer to aiche company directly its 55% equity interests in green field motor" 
 * Aiche company has agreed to acquire and henan harmony has agreed to sell its entire 87.57% equity interests in green field motor 
 * The consideration for the equity transfer agreement is RMB347.4 million 
 * Source text for Eikon  ID:nHKS86wLXh  
 
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