Brief: Kaixin Auto Holdings Signed Binding Term Sheet To Acquire EV Manufacturer

Kaixin Holdings

26/08/2021 12:12

Aug 26 (Reuters) - Kaixin Auto Holdings  KXIN.O :
    * KAIXIN AUTO HOLDINGS SIGNED BINDING TERM SHEET TO ACQUIRE
EV
MANUFACTURER
    * KAIXIN AUTO HOLDINGS -  REACHED A BINDING TERM SHEET TO
ACQUIRE
100% EQUITY OF HENAN YUJIE TIMES AUTOMOBILE CO THROUGH NEW SHARE
ISSUANCE
    * KAIXIN AUTO HOLDINGS - WILL NEGOTIATE FURTHER DETAILS OF
AN
ACQUISITION AGREEMENT WITH YUJIE CONSISTENT WITH TERM SHEET

Source text for Eikon:  ID:nGNXbtHltf 
Further company coverage:  KXIN.O 

 ((Reuters.Briefs@thomsonreuters.com;))