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Published on 3 Apr 2024 on Benzinga

What's Going On With Chinese New Energy Vehicle Dealer Jiuzi Holdings Shares Today? - Jiuzi Hldgs...

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Jiuzi Holdings, Inc. 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.

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.

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