Brief: Senmiao Technology Signs An Investment Agreement With Hongyi Industrial Group
08/07/2020 14:04
July 8 (Reuters) - Senmiao Technology Ltd AIHS.O :
* SENMIAO TECHNOLOGY SIGNS AN INVESTMENT AGREEMENT WITH
HONGYI
INDUSTRIAL GROUP TO INVEST RMB50 MILLION IN SENMIAO'S AUTO
BUSINESS
* SENMIAO TECHNOLOGY - OWNERSHIP OF CURRENT SHAREHOLDERS OF
JINKAILONG WILL BE PROPORTIONALLY DILUTED DUE TO DEAL
* SENMIAO TECHNOLOGY LTD - INTENDS TO USE CAPITAL INVESTMENT
FOR
EXPANSION OF JINKAILONG'S AUTO BUSINESS IN CHENGDU, AMONG OTHER
THINGS
Source text for Eikon: ID:nPn3Q1nQha
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((Reuters.Briefs@thomsonreuters.com;))
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