Jiuzi Holdings (JZXN) has released an update.

Jiuzi Holdings, Inc. has entered into a share purchase agreement to sell all of its 100% equity interest in Jiuzi (HK) Limited to Keda Technology Ltd for US$1,000,000. The sale includes Jiuzi (HK) Limited’s ownership of various PRC-based new energy and technology companies. The completion of the transaction is subject to regulatory approvals and other customary closing conditions.

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