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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • KNDI And GELYF.PK To Set Up New Joint Venture 0 comments
    Mar 26, 2013 5:42 AM | about stocks: KNDI, GELYF, GELYY


    Prepared by ChinaScope Financial | Source: Imeigu
    • Kandi Technologies Corp. (KNDI: NASDAQ) announced on March 26 that its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. has signed an agreement with one of Geely Automobile Holdings Ltd.(00175: HKG)'s subsidiaries, Shanghai Maple Guorun Automobile Co., Ltd. to set up a joint venture (JV) named as Zhejiang Kandi Electric Vehicles Co., Ltd.
    • The 50:50 JV will have a registered capital of CNY 1 billion, in which Kandi Technologies and Geely Automobile will each contribute 50 percent of the registered capital in cash and will each own a 50 percent stake in the JV.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: KNDI, GELYF, GELYY
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