Kaixin Holdings to Acquire Zhejiang Ordinary Smile Auto Sales for 15 Million Shares
Kaixin Holdings will acquire Zhejiang Ordinary Smile Auto Sales by issuing 15 million Class A ordinary shares. The shares will be held in escrow and released based on the target company's performance. Adjustments to share releases are possible by mutual agreement. This AI-generated news is for informational purposes and not financial advice.
Kaixin Holdings has entered into an agreement to acquire Zhejiang Ordinary Smile Auto Sales Co., Ltd., a company engaged in automobile wholesale and retail in Wenzhou, China. Under the terms of the agreement, Kaixin Holdings will issue 15 million Class A ordinary shares, which will be held in escrow by AUTOA2A, LTD. The release of these shares to Fangle Lai, the sole owner of the target company, will be contingent upon the performance of Zhejiang Ordinary Smile Auto Sales during specified assessment periods. The agreement allows for adjustments to the number and timing of share releases based on mutual agreement among the parties. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kaixin Holdings published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-117797), on December 02, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
