Mergers & Acquisitions ·
Kaixin Holdings acquired 100% of Hongkong Taohaoche Limited through its subsidiary Jet Sound Hong Kong Company Limited
KXINKaixin Holdings
Kaixin Holdings acquired 100% of Hongkong Taohaoche Limited through its subsidiary Jet Sound Hong Kong Company Limited. The company issued 10,000,000 Class A ordinary shares as consideration, held in escrow by AUTOA2A, LTD., and released based on performance targets over three two-year periods ending August 31, 2032. Targets require audited revenues of RMB 1 billion, RMB 1.1 billion, and RMB 1.2 billion respectively. Kaixin Holdings operates in the automotive industry.