Shulou(Shulou.com)11/24 Report--

Recently, the cooperation between Weimar and Happy Motor has been widely spread.

It is reported that Kaixin Automobile said that it has signed a non-binding letter of intent with Weimar Automobile, and plans to issue a certain number of new shares and buy 100 per cent of its shareholders.

Weimar was acquired by Happy Motors?

Although it is agreed that Happy Motors is annexing Weimar. But the truth is that Weimar wants to be backdoor (happy car) on the market.

Backdoor listing means that the shareholders of an unlisted company get the absolute control of a listed company, and then the company reverse acquires the assets and business of the unlisted company, so as to achieve the purpose of listing.

Weima Automobile has signed a non-binding letter of intent with Kaixin Automobile, and its shareholders have also become shareholders of Happy Automobile, thus making it convenient for Weima Automobile to further grasp the control of Happy Automobile.

Judging from the size of the two, it is also very difficult for Happy cars to nibble off the "hard bone" of Weimar.

Happy Motor has a market capitalization of $9531 (690 million yuan) and its share price has been hovering around $1. Weimar was valued at $2.51 billion (17 billion yuan) in January.

In addition, according to the chairman of Happy Automobile, Weimar will have a bigger capital stage, so it is more likely to conclude that Weima wants to enter the US capital market with the help of Happy Automobile.

In addition to Happy Automobile, Weima Motor has also won the favor of Ji Zhaojia.

Many people may be unfamiliar with Ji Zhaojia, but this company has a long history and is a unicorn with a valuation of more than 50 billion yuan. It is worth mentioning that Ji Zhaojia has the figure of well-known host Yang Lan.

Weimar Motors, in cooperation with it, has not only received an injection of 200000 orders, but will also lay out new business in the field of commercial vehicles. This will help Weimar accelerate its way out of difficulties.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.