APOLLO Travel Plans to Acquire Weimar Holdings Subsidiary for US$2.023 Billion

WM Motor is an automobile design, research and development, production, sales and service company, dedicated to the new energy smart car brand based on the needs of users in the Chinese market, and can provide car networking and after-sales service. APOLLO Travel issued an announcement on the Hong Kong Stock Exchange: The company’s wholly-owned subsidiary entered into an acquisition agreement with WM Motor Holdings Co., Ltd., intending to acquire the entire issued share capital of its wholly-owned subsidiary WM Motor Global Investment Limited for US$2.023 billion. The issue price of HK$0.55 was allotted and 28.8 billion consideration shares were issued for settlement.

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