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Hotai Motor Co Ltd to Acquire Equity Shares

Thursday, 26 Sep 2013 01:40am EDT 

Hotai Motor Co Ltd announced that it will acquire 22,161,150 new shares (a 20% stake) of Kaodu Motor Inc.'s newly issued stock, at the price of NTD 55.8 per share, or for NTD 1,236,592,170 in total. After this, the Company will hold a 20% stake in Kaodu Motor Inc. 

Company Quote

-8.0 -1.65%
12:08am EDT