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（纳斯达克股票代码：JZXN）签订了一份不具约束力的收购深圳麦格松电气科技有限公司的意向书。该交易的具体财务条款未披露。该协议已由九子的子公司深圳九子新能源控股集团签署。
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.
根据意向书的条款，深圳九子将收购深圳麦格松100％的股权，以换取一定的限制性股票补偿。
The company shall invest RMB30 million ($4.15 million) to fund the construction of Shenzhen Maigesong's rechargeable lithium battery production line.
该公司将投资 RMB30 百万美元（合415万美元），资助深圳迈格松的可充电锂电池生产线的建设。
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.
这项投资将分为两个阶段，到2024年4月底将投资1500万元人民币，到2024年11月底再投资1500万元人民币。
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.
意向书中包括一项收益条款，其中规定深圳麦格松应在2025年12月底之前实现1.1981亿元人民币的收入目标，到2026年12月底实现人民币5.0422亿元的收入目标。
"Both parties will work together to achieve the revenue targets and promote the sustained development and growth of the enterprise," per a press release.
新闻稿称：“双方将共同努力实现收入目标，促进企业的持续发展和增长。”
Price Action: JZXN shares are trading higher by 10.9% to $4.16 on the last check Wednesday.
价格走势：在周三的最后一次支票中，JZXN股价上涨10.9％，至4.16美元。
Photo via Shutterstock
照片来自 Shutterstock
译文内容由第三方软件翻译。