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Top related persons:
Freeman Shen - 1 Lobo Lu - 1 Aly - 1 Qiaoyi Li - 1 Zhang Yan - 1 Brenda Goh - 1 Shri Navaratnam - 1
Top related locs:
Shanghai China Rights BEIJING
Top related orgs:
WM Motor's - 1 Strategic - 1 WM - 1 REUTERS - 1 Rights - 1 Thomson - 1

Search resuls for: "Freeman Shen"


2 mentions found


☆ Chinese EV startup WM Motor files for bankruptcy
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: 1 min
WM Motor's founder and CEO Freeman Shen and Vice President of Strategic Planning, Lobo Lu attend the WM Motor brand launch event in Shanghai, China, December 11, 2017. REUTERS/Aly Song/File photo Acquire Licensing RightsBEIJING, Oct 10 (Reuters) - Chinese electric vehicle (EV) startup WM Motor has filed for bankruptcy, according to the national enterprise bankruptcy information disclosure platform. A court in Shanghai is handling the bankruptcy case, according to the disclosure dated Monday. Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.
Persons: Freeman Shen, Lobo Lu, Aly, Qiaoyi Li, Zhang Yan, Brenda Goh, Shri Navaratnam Organizations: WM Motor's, Strategic, WM, REUTERS, Rights, Thomson Locations: Shanghai, China, Rights BEIJING
☆ China’s $2 bln upstart-EV deal is very racy
  + stars: | 2023-01-13 | by ( Katrina Hamlin | Thomson Reuters | Katrina Hamlin Is Global Production Editor | ) www.reuters.com   time to read: +3 min
Follow @KatrinaHamlin on TwitterloadingCONTEXT NEWSHong Kong-listed Apollo Future Mobility said on Jan. 12 that it had agreed to buy Chinese electric-car maker WM Motor Global for HK$15.9 billion ($2.02 billion). To fund the acquisition of its larger peer, Apollo will issue 28.8 billion new shares at HK$0.55 each. Apollo shares fell 8.6% and were trading at HK$0.23 by market close on Jan. 12. WM Motor Global filed for a Hong Kong initial public offering in May 2022, but the application lapsed in November. WM Motor Global’s owner, WM Motor Holdings, is the largest shareholder in Apollo Future Mobility, and WM Motor founder Freeman Shen sits on the latter’s board as co-chair.
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