Brief: Senmiao Technology Signs Strategic Cooperation Agreement With Sichuan Hongyu Enterprise Management Co
03/08/2020 12:34
Aug 3 (Reuters) - Senmiao Technology Ltd AIHS.O :
* SENMIAO TECHNOLOGY - SIGNED STRATEGIC COOPERATION
AGREEMENT WITH
SICHUAN HONGYU ENTERPRISE MANAGEMENT CO
* SENMIAO TECHNOLOGY - AGREEMENT TO FACILITATE PURCHASE OF
ELECTRIC VEHICLES & CROSS-PROMOTE BRANDS, PRODUCTS AND SERVICES
FOR 3 YRS
* SENMIAO TECHNOLOGY - UNDER COOPERATION AGREEMENT, HONGYU
AUTO
WILL PROMOTE CO'S AUTO BUSINESS TO EV MANUFACTURERS
* SENMIAO TECHNOLOGY - EV PROCUREMENT PROCESS WILL BE
PARTIALLY
FUNDED BY RECENTLY ANNOUNCED RMB50 MILLION CAPITAL CONTRIBUTION
FROM HONGYI INDUSTRIAL GROUP
Source text for Eikon: ID:nPn7J8R3ta
Further company coverage: AIHS.O
((Reuters.Briefs@thomsonreuters.com;))
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