Greenland's Board Approves Spin-off and Creation of Pureplay Industrial EV Company [Yahoo! Finance]
Greenland Technologies Holding Corporation - Ordinary Shares (GTEC)
Company Research
Source: Yahoo! Finance
announced that the Company's Board of Directors (the "Board") had approved a spin-off of its drivetrain systems business, and approved a plan to separate its electric industrial vehicles and drivetrain systems segments into two independent, publicly-traded companies. The Company expects to create these companies through a tax-free spin-off of its drivetrain systems segment to the Greenland shareholders. There are no guarantees the contemplated spin-off will occur or that it will occur on the anticipated timeline given economic conditions and changes in the financial markets. The Board previously authorized a review of Greenland Technologies' business portfolio and capital allocation options, with the goal of enhancing shareholder value. As a result of this review, the Board concluded that the separation of the drivetrain systems business from the remainder of Greenland Technologies, as a pure play, stand-alone company is the most attractive strategic option for growth and enhancing
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News
- Port Authority of New York and New Jersey to Purchase HEVI's GEL-5000 Electric Front Loader [Yahoo! Finance]Yahoo! Finance
- Port Authority of New York and New Jersey to Purchase HEVI's GEL-5000 Electric Front LoaderPR Newswire
- United Airlines, Greenland Technologies, Montrose Environmental among industrial movers [Seeking Alpha]Seeking Alpha
- Greenland Technologies Completes Initial Sales Delivery to Maryland's Port of Baltimore [Yahoo! Finance]Yahoo! Finance
- Greenland Technologies Completes Initial Sales Delivery to Maryland's Port of BaltimorePR Newswire
GTEC
Earnings
- 11/20/23 - Miss
GTEC
Sec Filings
- 4/17/24 - Form 10-K/A
- 4/16/24 - Form 10-K
- 3/29/24 - Form NT
- GTEC's page on the SEC website