What's Going On With Chinese New Energy Vehicle Dealer Jiuzi Holdings Shares Today?
What's Going On With Chinese New Energy Vehicle Dealer Jiuzi Holdings Shares Today?
Jiuzi Holdings, Inc. (NASDAQ:JZXN) entered into a non-binding letter of intent to acquire Shenzhen Maigesong Electric Technology Co. The specific financial terms of the transaction were not disclosed. The deal has been signed by Jiuzi's subsidiary Shenzhen Jiuzi New Energy Holding Group.
九子控股有限公司（納斯達克股票代碼：JZXN）簽訂了一份不具約束力的收購深圳麥格松電氣科技有限公司的意向書。該交易的具體財務條款未披露。該協議已由九子的子公司深圳九子新能源控股集團簽署。
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.
根據意向書的條款，深圳九子將收購深圳麥格松100％的股權，以換取一定的限制性股票補償。
The company shall invest RMB30 million ($4.15 million) to fund the construction of Shenzhen Maigesong's rechargeable lithium battery production line.
該公司將投資 RMB30 百萬美元（合415萬美元），資助深圳邁格松的可充電鋰電池生產線的建設。
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.
這項投資將分爲兩個階段，到2024年4月底將投資1500萬元人民幣，到2024年11月底再投資1500萬元人民幣。
The LOI includes an earnout provision which provides that Shenzhen Maigesong shall achieve a revenue target of RMB 119.81 million by the end of December 2025 and a revenue target of RMB 504.22 million by the end of December 2026.
意向書中包括一項收益條款，其中規定深圳麥格松應在2025年12月底之前實現1.1981億元人民幣的收入目標，到2026年12月底實現人民幣5.0422億元的收入目標。
"Both parties will work together to achieve the revenue targets and promote the sustained development and growth of the enterprise," per a press release.
新聞稿稱：“雙方將共同努力實現收入目標，促進企業的持續發展和增長。”
Price Action: JZXN shares are trading higher by 10.9% to $4.16 on the last check Wednesday.
價格走勢：在週三的最後一次支票中，JZXN股價上漲10.9％，至4.16美元。
Photo via Shutterstock
照片來自 Shutterstock