Smart and Sustainable Electric Mobility
Following the collapse of its Hong Kong backdoor listing, WM Motor is pinning its hopes on a potential merger with the US-listed Kaixin Auto.
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Kaixin Auto has signed a non-binding letter of intent to acquire 100 percent of WM Motor from its shareholders by issuing a certain number of new shares.
The post Kaixin Auto plans to acquire WM Motor as financially troubled EV maker drops plan for backdoor listing in HK appeared first on CnEVPost.
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