Happiness Biotech rises on deal to distribute Volkswagen electric vehicles

Emperor Culture

14/06/2021 13:43

** U.S.-listed shares of China-based e-commerce services
provider  HAPP.O  rise 6% to $1.76 premarket
    ** HAPP says its Taochejun subsidiary in China has signed a
deal with auto trading firm Ruili to jointly buy and sell
Volkswagen electric vehicles  urn:newsml:reuters.com:*:nFWN2NW0CM  urn:newsml:reuters.com:*:nPn9Q0VS5a
    ** Taochejun and Ruili will buy 1,213 electric vehicles with
a total consideration of 90.1 million yuan ($14.09 million) -
HAPP
    ** HAPP, also a dietary supplements maker, last week entered
into a deal with a Geely subsidiary to distribute electric
vehicles  urn:newsml:reuters.com:*:nFWN2NS0IF
    ** HAPP down ~10% YTD

($1 = 6.3967 Chinese yuan renminbi)

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com))