- Kaixin Auto Holdings (NASDAQ:KXIN) has signed a binding term sheet to acquire EV manufacturer Henan Yujie Times Automobile Co Ltd through new share issuance.
- Henan Yujie specializes in small-size multi-function EVs.
- The deal marks Kaixin’s official entry into China’s small size EV market and will be a notable M&A transaction after establishing the New Energy Vehicle Unit.
- Henan Yujie’s factory in Mengzhou has an annual production capacity of 150,000 vehicles.
- Kaixin said it would negotiate further details of an acquisition agreement with Yujie consistent with the term sheet.
- Price Action: KXIN shares traded higher by 0.62% at $3.27 on the last check Thursday.
Ambow Education Reports Dept. Of Higher Education, Ministry Of Education Included Co. On List Of Approved Enterprises For May 2021 Industry-University Cooperation, Collab Education Project
Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE:AMBO), a leading cross-border career educational and technology service provider, today announced that the Department of Higher Education,
