Brief: Jiuzi Holdings Inc Enters Into A Letter Of Intent With Subsidiary Of Baoneng Auto Group Ltd

Jiuzi Holdings

27/06/2022 13:11

June 27 (Reuters) - Jiuzi Holdings Inc  JZXN.O :
    * JIUZI HOLDINGS INC. ENTERS INTO A LETTER OF INTENT WITH
SUBSIDIARY OF BAONENG AUTO GROUP LTD.
    * JIUZI HOLDINGS INC -  OPERATING ENTITY, HANGZHOU
ZHITONGCHE
TECHNOLOGY LIMITED ENTERED LOI WITH KUNSHAN BAONENG AUTO SALES
CO., LTD
    * JIUZI HOLDINGS INC - PURSUANT TO LOI, ZHITONGCHE INTENDS
TO
DISTRIBUTE BAONENG AUTO'S "YOUBAOLI" BRAND ELECTRIC CARS IN
ZHEJIANG PROVINCE
    * JIUZI HOLDINGS INC - PARTIES EXPECT TO ENTER INTO
DEFINITIVE
AGREEMENT IN SEPTEMBER 2022

Source text for Eikon:  ID:nPn3qp8HGa 
Further company coverage:  JZXN.O