Brief: Greenland's Board Approves Spin-Off And Creation Of Pureplay Industrial EV Company

Greenland Technologies Holding

14/02/2024 13:28

Feb 14 (Reuters) - Greenland Technologies Holding Corp
 GTEC.O :
    * GREENLAND'S BOARD APPROVES SPIN-OFF AND CREATION OF
PUREPLAY
INDUSTRIAL EV COMPANY
    * GREENLAND'S BOARD APPROVES SPIN-OFF AND CREATION OF
PUREPLAY
INDUSTRIAL EV COMPANY
    * GREENLAND TECHNOLOGIES HOLDING - PLAN TO SEPARATE ELECTRIC
INDUSTRIAL VEHICLES AND DRIVETRAIN SYSTEMS SEGMENTS INTO TWO
INDEPENDENT, PUBLICLY-TRADED COMPANIES 
    * GREENLAND TECHNOLOGIES HOLDING CORP - BOARD APPROVED A
SPIN-OFF
OF ITS DRIVETRAIN SYSTEMS BUSINESS
    * GREENLAND TECHNOLOGIES HOLDING - EXPECTS TO CREATE
COMPANIES
THROUGH TAX-FREE SPIN-OFF OF ITS DRIVETRAIN SYSTEMS SEGMENT TO
GREENLAND SHAREHOLDERS
    * GREENLAND TECHNOLOGIES HOLDING - AFTER PROPOSED SPIN-OFF,
CO
WILL BE SOLELY COMPRISED OF CURRENT INDUSTRIAL ELECTRIC VEHICLE
BUSINESS UNDER HEVI BRAND
    * GREENLAND TECHNOLOGIES HOLDING CORP - CURRENT GREENLAND
SHAREHOLDERS WILL CONTINUE TO OWN AND TRADE SHARES WITH NO
CHANGE

Source text for Eikon:  ID: 
Further company coverage:  GTEC.O 

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