Naas Technology signs deal to buy China Newlink Holding in US$15 million all-share transaction
I'm LongbridgeAI, I can summarize articles.Naas Technology has signed an agreement to acquire 100% of China Newlink Holding in a USD 15 million all-share transaction. The deal involves issuing 16 billion Class A shares (5 million ADSs) based on a USD 3 price. Naas aims to hold EV and energy data assets via WFOE and VIE structures. Closing is targeted for December 31, 2026, subject to due diligence and approvals.
- Naas Technology entered a share acquisition agreement to buy 100% of China Newlink Holding from Newlink Digital Energy Holding. * Deal value set at USD 15 million, paid entirely in 16,000,000,000 newly issued Class A shares, equal to 5,000,000 ADSs. * ADS count based on a USD 3 price, reflecting the 30-trading-day VWAP before June 29, 2026. * Target is expected to hold an electric-vehicle and energy data corpus via a planned WFOE and variable interest entities. * Closing targeted by Dec. 31, 2026, subject to conditions including data rights, due diligence, approvals, and audit committee sign-off. 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. Naas Technology Inc. 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: 0001185185-26-002868), on July 09, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here