Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
KNDI > SEC Filings for KNDI > Form 8-K on 4-Nov-2013All Recent SEC Filings

Show all filings for KANDI TECHNOLOGIES GROUP, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for KANDI TECHNOLOGIES GROUP, INC.


4-Nov-2013

Completion of Acquisition or Disposition of Assets, Financial Stat


Item 2.01 Completion of Acquisition or Disposition of Assets.

On November 1, 2013, Zhejiang Kandi Vehicles Co. Ltd. ("Kandi Vehicles"), a wholly owned subsidiary of Kandi Technologies Group, Inc. (the "Company") completed the ownership transfer process with local State Administration of Industry and Commerce to transfer its entire ownership of Kandi Electric Vehicles (Changxing) Co., Ltd. ("Kandi Changxing"), a wholly owned subsidiary of Kandi Vehicles to Zhejiang Kandi Electric Vehicles Co., Ltd., a 50% owned joint venture of Kandi Vehicles and Shanghai Maple Guorun Automobile Co., Ltd., a 99% owned subsidiary of Geely Automobile Holdings Ltd. (the "Geely"), pursuant to a Joint Venture Agreement of Establishment of Zhejiang Kandi Electric Vehicles Co., Ltd. (the "JV Agreement") entered by Kandi Vehicles and Shanghai Maple on March 22, 2013, as previously disclosed on a Form 8-K filed by the Company on March 25, 2013.

Pursuant to the terms of the JV Agreement, Zhejiang Kandi Electric Vehicles Co., Ltd. (the "JV Company") purchased 100% ownership of Kandi Changxing from Kandi Vehicles for RMB 400,000,000 (approximately $65,025,800) which has been paid to Kandi Vehicles as of September 30, 2013.



Item 9.01 Financial Statements and Exhibits.

(b)(1) Pro forma financial information

The information required by Item 9.01(a) and (b) will be filed or furnished by amendment no later than 71 calendar days after the date on which this Form 8-K is required to be filed.


  Add KNDI to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for KNDI - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.