Kandi Technologies' Subsidiary SC Autosports Acquires Northern Group For 3,951,368 Restricted Shares Valued At $13M
Portfolio Pulse from Bill Haddad
Kandi Technologies' subsidiary SC Autosports has acquired Northern Group for 3,951,368 restricted shares valued at $13 million.
June 26, 2023 | 12:36 pm
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Kandi Technologies' subsidiary SC Autosports acquires Northern Group for 3,951,368 restricted shares valued at $13 million.
The acquisition of Northern Group by Kandi Technologies' subsidiary SC Autosports is expected to have a positive impact on KNDI's stock price in the short term. The acquisition expands the company's market presence and could potentially lead to increased revenues and growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100