China Harmony Auto Holding Ltd. has announced a major and connected transaction involving the disposal of a 45% equity interest in a disposal company along with shareholder's loans owed by the disposal group. The agreement, set for completion on May 23, 2025, also includes the provision of financial assistance to the disposal group. This move is part of a strategic joint investment with Mr. Feng to develop the overseas new energy vehicle $(NEV)$ business, aiming to capitalize on significant growth opportunities in the export market. The company is restructuring capital to support this expansion, focusing on establishing distribution and after-sales networks to facilitate market entry and expansion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.