Benzinga | Apr 15, 2021 07:04AM EDT

Kaixin Auto Holdings Announces Approval By NASDAQ For Haitaoche Acquisition

Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ:KXIN) today announced that it received the approval by NASDAQ Stock Market for the acquisition (the "Acquisition") of 100% of the share capital of Haitaoche Limited pursuant to a share purchase agreement entered into on December 31, 2020. Subject to certain other closing conditions, including the shareholder approval of the amendment to the Company's article of associations, the Company anticipates the Acquisition to be closed in May, 2021.