Naas acquires over 89% stake in sinopower hk

Beijing, china, june 13, 2023 (globe newswire) -- naas technology inc. (nasdaq: naas) ("naas" or the "company"), the first listed ev charging service company in china, announced that dada auto, a wholly owned subsidiary of the company, has entered into a definitive agreement to acquire 89.99% 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. the share purchase is subject to customary closing conditions and is expected to close in june 2023.
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