Deal snapshot: Jiuzi Holdings to Acquire Automobile Sales Serviceshop Operator from Geely Subsidiary.

MANews-(C)2009-2022

China-based new energy vehicles franchisor and retailer Jiuzi Holdings, Inc. (NASDAQ: JZXN) has entered, through its subsidiary Hangzhou Jiuyao New Energy Automobile Technology Co. Ltd, into an equity acquisition agreement to acquire 72.05% equity interest in an automobile sales service shop operator, Huizhou Jiwo Automobile sales service Co. Ltd, from Guangdong Huarui Automobile Sales Service Co., Ltd, a subsidiary of a China automaker Geely Auto Group, the company said.

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