Brief: Hyzon Motors Enters Into Equity Transfer Agreement With Hyzon Motors Technology

Hyzon Motors

28/12/2022 21:39

Dec 28 (Reuters) - Hyzon Motors Inc  HYZN.O :
    * HYZON MOTORS INC - ON DEC 27, 2022, HYZON SHANGHAI,
ENTERED INTO
EQUITY TRANSFER AGREEMENT WITH HYZON MOTORS TECHNOLOGY
(GUANGDONG)
    * HYZON MOTORS - UNDER TERMS OF DEAL, HYZON SHANGHAI AGREED
TO
SELL ALL OF ITS EQUITY INTEREST IN HYZON GUANGDONG TO HYMAS FOR
ABOUT $3.1 MILLION IN CASH
    * HYZON MOTORS INC -  ENTERED INTO SHARE BUYBACK AGREEMENT
WITH
HYMAS WHEREBY CO REPURCHASED ABOUT 3.8 MILLION SHARES OF COMMON
STOCK FROM HYMAS
    * HYZON MOTORS - DEAL REFLECTS CO'S STRATEGIC DECISION TO
EXIT
TRUCK MARKET AND WIND DOWN THE COMMERCIAL TRUCK PORTION OF ITS
OPERATIONS IN CHINA

Source: (https://bit.ly/3Wya44o)
Further company coverage:  HYZN.O 
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