According to Zhitong Finance App, Detai New Energy Group (00559.HK) announced that on August 21, 2026, the seller, the company (as the buyer) and the target company signed a memorandum of understanding. The seller intended to sell and the company intended to buy sales shares and sales loans. The total cost was HK$505 million, subject to the terms of the sales agreement to be entered into by the seller, the company and the target company. The Company is not obligated to purchase any sales shares and sales loans unless all sales shares and sales loan transactions are completed at the same time.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.