Mergers & Acquisitions ·
NaaS Technology Inc. entered into a non-binding term sheet on June 29, 2026, to acquire 100% of China Newlink Holding…
NAASNaaS Technology Inc.
NaaS Technology Inc. entered into a non-binding term sheet on June 29, 2026, to acquire 100% of China Newlink Holding Limited from Newlink Digital Energy Holding Limited for an aggregate purchase price of US$15,000,000. The transaction, a related-party acquisition, will be settled through the issuance of 5,000,000 newly issued Class A ordinary shares corresponding to 5,000,000 American Depositary Shares (ADSs) based on a deemed price of US$3.00 per ADS. The acquisition is subject to several conditions, including due diligence, board approval, and regulatory approvals. NaaS Technology Inc. operates in the electric-vehicle and energy data sector.