Liaoning Tongda Transport Technologies

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202120222023202420252026

Acquisition

Jul 28, 2021ACQUISITIONChina$3.00M
Astro Aerospace to acquire 51% of Lotus Mobility's subsidiary LTT
Astro Aerospace signed a letter of intent to acquire 51% of Lotus Mobility's subsidiary Liaoning Tongda Transport Technologies (LTT) and exclusive global distribution rights to its electric aircraft, in exchange for 3 million Astro shares. The companies will also invest $3 million in joint R&D and establish a Singapore-based joint venture.
Astro Aerospace acquirer Lotus Mobility target Liaoning Tongda Transport Technologies target #Aerospace Components globenewswire.com

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