2023-06-12 09:37:41 ET
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NaaS Technology ( NASDAQ: NAAS ) on Monday notifies that Dada Auto, a wholly owned subsidiary of the Company, to acquire 89.999% of the issued and outstanding shares of Sinopower Holdings International Co. Limited from an existing shareholder of Sinopower, for an aggregate purchase price of ~$6.1 million in cash.
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Hong Kong-based Sinopower is one of the largest rooftop solar energy developers.
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The share purchase is subject to customary closing conditions and is expected to close in June 2023.
For further details see:
NaaS unit to acquire 89.999% stake in Sinopower Holdings for $6.1M in cash