Naas technology inc. to acquire majority stake in sinopower holdings international

Beijing , june 12, 2023 /prnewswire/ -- naas technology inc. (nasdaq: naas) ("naas" or the "company"), the largest third-party charging network in china, today announced that dada auto, a wholly owned subsidiary of the company, has entered into a definitive agreement to acquire 89.999% of the issued and outstanding shares of sinopower holdings international co. limited ("sinopower") from an existing shareholder of sinopower, for an aggregate purchase price of approximately us$6.1 million in cash. sinopower is one of the largest rooftop solar energy developers in hong kong, providing one-stop energy management solutions for residential and commercial buildings.
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