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0.000785231489322339 -0.00230950438035993 -0.0115321252059309 -0.00860675299080822 -0.00395695083835003 -0.0284684906619039 -0.00383377727139751 -0.0338573342160772
Stock impact report

Kandi Technologies announces equity restructuring of the JV with Geely Technologies [Seeking Alpha]

Kandi Technologies Group, Inc. - Ordinary Shares (KNDI) 
Company Research Source: Seeking Alpha
Kandi Technologies announces equity restructuring of the JV with Geely Technologies - Kandi Technologies Group, Inc. (NASDAQ:KNDI) | Seeking Alpha Kandi Technologies announces equity restructuring of the JV with Geely Technologies Mar. 25, 2019 9:49 AM ET | Kandi Technologies Group,... (KNDI) Vandana Singh Kandi Technologies ( -3.8% signs an agreement The JV Company agrees to convert a loan of RMB 314M (~$46.7M) from Geely Group to equity to increase its cash flow; hence Kandi Vehicles will own 43.47% and Geely will have 56.53% stake in the JV, respectively Kandi Vehicles agrees to sell 21.47% stake in the JV to Geely for RMB 516M (~$76.9M), Kandi Vehicles will have 22% stake in the JV after the transfer Post the transaction, Kandi Vehicles is expected to increase its cash flow by having an additional RMB 500 Click to subscribe to real-time analytics on KNDI Now read: Presidio goes ex-dividend tomorrow » Subscribe Show less Read more
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