Kandi Technologies Announces Equity Restructuring of the JV Company
Kandi Technologies Group, Inc. - Ordinary Shares (KNDI)
US:NASDAQ Investor Relations:
en.kandivehicle.com/investornews.aspx?classid=3
Company Research
Source: GlobeNewswire
JINHUA, China, March 25, 2019 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that Kandi’s wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles") signed an Equity Transfer Agreement (the “Transfer Agreement”) on March 21, 2019 with Geely Technologies Group Co., Ltd. (“Geely”) to transfer certain equity interests in the Kandi Electric Vehicles Group Co., Ltd ( the “JV Company”) to Geely. Given Geely’s competitive strength and recognition in the global automotive industry, this deal could help significantly accelerate the growth of the JV Company. Pursuant to the Transfer Agreement, the parties have agreed to some of the key terms below: The JV Company agrees to convert a loan of RMB 314 million (approximately USD 46.7 million*) from Geely Group last year to equity in order to increase its cash flow. As a result, the registered capital of the JV Company shall become RMB 2.44 billion (approxi
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News
- Kandi Technologies Group, Inc. Completes Redomicile Merger [Yahoo! Finance]Yahoo! Finance
- Kandi Technologies Group, Inc. Completes Redomicile MergerGlobeNewswire
- Kandi Technologies Group, Inc. (NASDAQ: KNDI) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Kandi Technologies Group, Inc. (NASDAQ:KNDI) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Kandi Technologies Reports 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
KNDI
Sec Filings
- 4/17/24 - Form 15-12G
- 4/16/24 - Form 6-K
- 3/14/24 - Form 10-K
- KNDI's page on the SEC website