Jiuzi Holdings Enters into a Non-Binding LOI for the Acquisition of Shenzhen Maigesong [Yahoo! Finance]
Jiuzi Holdings, Inc. - Ordinary Shares (JZXN)
Company Research
Source: Yahoo! Finance
group operating under the brand name "Jiuzi" in China , announced today that Shenzhen Jiuzi New Energy Holding Group Co., Ltd. ("Shenzhen Jiuzi"), a wholly owned subsidiary of the Company, entered into a non-binding letter of intent ("LOI") for the acquisition of Shenzhen Maigesong Electric Technology Co., Ltd. ("Shenzhen Maigesong"). Pursuant to the terms of the LOI, Shenzhen Jiuzi will acquire 100% of the equity of Shenzhen Maigesong in exchange for certain restricted share compensation of the Company and upon the completion of the acquisition, the Company shall invest RMB 30 million to fund the construction of Shenzhen Maigesong's rechargeable lithium battery production line. This investment will be divided into two stages, with RMB 15 million to be invested by the end of April 2024 and another RMB 15 million by the end of November 2024 . The construction of this production line will be led by the original shareholders of Shenzhen Maigesong, Mr. Li Song and Mr. Fan Xuejun (the "M
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News
- LE and DOGZ among Consumer Discretionary movers [Seeking Alpha]Seeking Alpha
- Jiuzi Holdings Enters into a Non-Binding LOI for the Acquisition of Shenzhen MaigesongPR Newswire
- Jiuzi Holdings gets Nasdaq notification letter for late filing of annual report [Seeking Alpha]Seeking Alpha
- Jiuzi Holdings Received Nasdaq Notification Letter Related to Late Filing of Annual Report on Form 20-F [Yahoo! Finance]Yahoo! Finance
- Jiuzi Holdings Received Nasdaq Notification Letter Related to Late Filing of Annual Report on Form 20-FGlobeNewswire
JZXN
Sec Filings
- 3/22/24 - Form RW
- 3/6/24 - Form F-3/A
- 2/29/24 - Form NT
- JZXN's page on the SEC website