Bain-Backed Chinese EV Services Firm NewLink Seeks Private Loan [Financial Post (Toronto, Ontario, Canada)]
NaaS Technology Inc. - American Depositary Shares (NAAS)
Company Research
Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — NewLink Group, a Bain Capital-backed firm that provides software to sectors including the electric vehicle-related industry, is seeking as much as $100 million in private debt, according to a person familiar with the matter. The company is parent to NaaS Technology Inc., a US-listed Chinese EV charging services provider. The funding would go to renting parking spaces for EV charging stations in China and Hong Kong, said the person, who requested anonymity discussing private matters. Article content Article content China's EV market remains a bright spot in an economy that's facing pressure from a real estate crisis, even as the sector grapples with less robust demand for electric cars and intense price wars. The government has set out long-term targets and promotes EVs through supply mandates and incentives. EV sales jumped 34% to 1.8 million in
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News
- NaaS Technology Inc. Announces Completion of ADS Ratio Change [Yahoo! Finance]Yahoo! Finance
- NaaS Technology Inc. Announces Completion of ADS Ratio ChangePR Newswire
- NaaS Technology Inc. Announces Updated Effective Date of ADS Ratio ChangePR Newswire
- China's Luckin Coffee Is Back From the Brink and Beating Starbucks [BNN Bloomberg (Canada)]BNN Bloomberg
- NaaS Technology Inc. Announces Plan to Implement ADS Ratio Change [Yahoo! Finance]Yahoo! Finance
NAAS
Sec Filings
- 6/13/24 - Form 6-K
- 6/7/24 - Form 6-K
- 6/6/24 - Form 424B3
- NAAS's page on the SEC website