11
Sep
07:43
Weltmeister gives up HK listing plan
Chinese new energy vehicle company Weltmeister announced it has decided to give up the reverse takeover (RTO) listing plan with Apollo Future Mobility Group at the Hong Kong Stock Exchange, Kallanish learns.
On 11 January, Apollo announced it would acquire WM Motor’s subsidiary from WM Motor for $2.02 billion at HKD 0.55 per share. After completing this acquisition, WM Motor would hold 31.1 billion Apollo’s shares, with a shareholding ratio of 68.26%. …
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