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CaoCao Inc. ( (HK:2643) ) has issued an announcement.
CaoCao Inc. has announced two significant connected transactions. The first involves providing a financial guarantee of up to RMB90 million to its connected subsidiary, Caozhi Automobile, for a bank loan application. This move is part of the company’s strategy to support its subsidiaries while adhering to regulatory requirements. The second transaction is a Technology Development (Entrustment) Agreement with Intelligent Transportation Technology Innovation, a subsidiary of Geely Holding. This agreement focuses on developing a Robotaxi Autopilot Service Platform, highlighting CaoCao’s commitment to advancing autonomous vehicle technology. These transactions underscore CaoCao’s strategic efforts to strengthen its industry positioning and foster technological advancements.
More about CaoCao Inc.
CaoCao Inc. is a company incorporated in the Cayman Islands, primarily involved in the automotive industry. It focuses on providing financial assistance and technology development services, with a significant market focus on connected transactions and technological innovation in the transportation sector.
Average Trading Volume: 1,352,019
See more data about 2643 stock on TipRanks’ Stock Analysis page.