Brief: Kandi Expands Battery Cell Business With Acquisition Of Jiangxi Huiyi

Kandi Technologies

19/07/2021 14:10

July 19 (Reuters) - Kandi Technologies Group Inc  KNDI.O :
    * KANDI EXPANDS BATTERY CELL BUSINESS WITH ACQUISITION OF
JIANGXI
HUIYI
    * KANDI TECHNOLOGIES - ON JULY 13 CO'S UNIT SIGNED SHARE
TRANSFER
AGREEMENT & SUPPLEMENTARY AGREEMENT WITH SHAREHOLDERS OF JIANGXI
HUIYI
    * KANDI TECHNOLOGIES - UNDER AGREEMENT, ZHEJIANG KANDI
TECHNOLOGIES TO BUY ALL EQUITY INTERESTS OF JIANGXI HUIYI WITH
PURCHASE PRICE OF RMB 50 MILLION IN CASH

Source text for Eikon:  ID:nGNXf0WND 
Further company coverage:  KNDI.O 

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