Gelonghui, November 4, 丨 Harmony Auto (03836.HK) announced that on November 4, 2024, Harmony New Energy Vehicle Service (Hong Kong) Co., Ltd. entered into a sales agreement for the buyer (an indirect non-wholly-owned subsidiary) with the seller Lianda Automobile Co., Ltd., Jiexing (as the seller's creditor) and Shi (as a guarantor). According to this, the seller conditionally agreed to sell and the buyer conditionally agreed to buy the assets at a cost of HK$0.15 billion.
The assets to be purchased by the buyer under the sales agreement include showrooms, service centers, warehouses, warehouse parking spaces, fixed assets (such as decoration, equipment and facilities, tools and office furniture), as well as test drives and office vehicles, inventory spare parts, etc.
The Group has been developing the NEV business globally and believes in the future of the NEV business in Hong Kong. Through this acquisition, the Group will become the sole distributor of BYD NEVs in the Hong Kong market, and will gain greater market share and brand exposure, thereby consolidating its position in the Hong Kong NEV market. This will help increase consumer awareness and thus increase sales.
Furthermore, with a broader sales network and perfect after-sales service system, the Group can provide customers with more convenient and efficient car purchase and maintenance services. This will provide customers with a better buying experience, increase customer satisfaction, and help build a loyal customer base.