Brief: Kaixin Auto Holdings Announces Binding Acquisition Term Sheet With Morning Star And Joint Plans To Grow POCCO EV
26/09/2022 12:09
Sept 26 (Reuters) - Kaixin Auto Holdings KXIN.O :
* KAIXIN AUTO HOLDINGS ANNOUNCES BINDING ACQUISITION TERM
SHEET
WITH MORNING STAR AND JOINT PLANS TO GROW POCCO EV
* KAIXIN AUTO HOLDINGS - CO INTENDS TO ACQUIRE 100% EQUITY
OF
MORNING STAR THROUGH NEW SHARE ISSUANCE AND MAKES IT A WHOLLY
OWNED SUBSIDIARY
* KAIXIN AUTO HOLDINGS - EXPECT TO SIGN DEFINITIVE
ACQUISITION SPA
BY END OF OCTOBER AND HAVE ACQUISITION TRANSACTION COMPLETED BY
END OF YEAR
Source text for Eikon: ID:nGNX8KCNGC
Further company coverage: KXIN.O
((Reuters.Briefs@thomsonreuters.com;;))