Happiness Development Secures Major Order In Its Automobile Business

  • Happiness Development Group Ltd HAPP said its automobile sales subsidiary Taochejun has entered into a strategic cooperation agreement with Fujian Yiluba Automobile Service Consulting Co (168).
  • Under the agreement, 168 plans to purchase up to 2,000 new energy vehicles from Taochejun over the next three years. The total value would be about RMB200 million (approximately $30 million).
  • "We believe that with the increasing orders, HAPP's automobile business will achieve optimal results for the following years," said CEO Xuezhu Wang.
  • Price Action: HAPP shares are trading higher by 37.3% at $0.25 on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsPenny StocksContractsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!