Announced
RISE Education Cayman to acquire Dada Auto for $587m.
Synopsis
RISE Education Cayman agreed to acquire Dada Auto, an electric vehicle charging provider, for $587m. "I am thrilled about this very unique merger opportunity. Over the past two years, NaaS has grown tremendously with the tailwind of a booming EV market in China. The combined company will be well positioned to further this growth trend, with access to capital market," Cathy Wang, Dada Auto CEO.
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