GLAC - Greenland Acquisition Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
7.02
-0.59 (-7.75%)
At close: 3:58PM EDT
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Previous Close7.61
Open7.55
Bid0.00 x 1000
Ask0.00 x 1000
Day's Range6.96 - 7.55
52 Week Range6.69 - 10.58
Volume69,760
Avg. Volume62,297
Market Cap40.59M
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
All
News
Press Releases
  • PR Newswire

    Greenland Technologies Holding Corporation Completes Its Move to a New Manufacturing Facility

    NEW YORK, Oct. 28, 2019 /PRNewswire/ -- Greenland Technologies Holding Corporation, formerly known as Greenland Acquisition Corporation (the "Company" or "Greenland") (Nasdaq: GLAC) announces that its operating subsidiary in China, Zhejiang Zhongchai Machinery ("Zhongchai") has recently completed moving out of its leased facility and into a newly-constructed modern manufacturing facility in Shaoxing, China.  This new facility is owned by Zhongchai and boasts an annual production capacity of 200,000 sets of transmission systems, as compared to 80,000 sets in the previous facility, a 150% increase.

  • PR Newswire

    Greenland Acquisition Corporation and Zhongchai Holding (Hong Kong) Limited Announce Closing of Business Combination

    NEW YORK, Oct. 24, 2019 /PRNewswire/ -- Greenland Acquisition Corporation (the "Company" or "Greenland") (GLAC) and Zhongchai Holding (Hong Kong) Limited ("Zhongchai Holding") today jointly announced the closing of the previously-announced business combination (the "Business Combination") pursuant to which Zhongchai Holding became a wholly-owned subsidiary of the Company and the former shareholder of Zhongchai Holding acquired 7,500,000 ordinary shares of the Company ("Ordinary Shares"). The transaction was approved at a special meeting of the Company's shareholders in lieu of an annual meeting held on October 24, 2019.

  • ACCESSWIRE

    ACT NOW: Monteverde & Associates PC Continues Legal Inquiry Regarding the Merger

    NEW YORK, NY / ACCESSWIRE / October 19, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...

  • PR Newswire

    Greenland Acquisition Corporation Announces Adjournment of Special Meeting of Shareholders to Approve Proposed Business Combination with Zhongchai Holding (Hong Kong) Limited

    NEW YORK, Oct. 17, 2019 /PRNewswire/ -- Greenland Acquisition Corporation (GLAC) ("Greenland" or the "Company") announced today that its special meeting of shareholders in lieu of an annual meeting (the "Special Meeting") to approve the proposed business combination with Zhongchai Holding (Hong Kong) Limited ("Zhongchai Holding"), pursuant to a Share Exchange Agreement dated as of July 12, 2019 (as may be amended or supplemented from time to time, the "Share Exchange Agreement") among Greenland, Zhongchai Holding and certain other parties, and related matters, scheduled for and convened on October 17, 2019 , was adjourned to provide additional time for voting on the proposals to be presented at the Special Meeting. At the Special Meeting, the Company's shareholders approved a proposal to adjourn the Special Meeting until 10:00 a.m., Eastern Time, on October 24, 2019.

  • PR Newswire

    Greenland Acquisition Corporation Announces Dismissal of Purported Class Action Lawsuit

    NEW YORK, Oct. 17, 2019 /PRNewswire/ -- Greenland Acquisition Corporation (GLAC) (the "Company" or "Greenland") announced today that it has entered into a confidential memorandum of understanding (the "MOU") with the plaintiff and other parties in a purported class action, captioned Wheby v. Greenland Acquisition Corporation, et al., Case No. 19-1758-MN (D. Del.), which was filed on September 19, 2019, against the Company and certain individuals (the "Action"). "We are pleased that the case has been dismissed and we remain focused on driving long-term value for our shareholders by working toward advancing the proposed business combination with Zhongchai Holding (Hong Kong) Limited," stated Yanming Liu, Chief Executive Officer and Chairman of the Company. Greenland Acquisition Corporation is a blank check company formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities.

  • GlobeNewswire

    SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigations of Mergers

    WILMINGTON, Del., Oct. 03, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Highlands Bankshares, Inc. (OTC Pink: HLND) regarding possible breaches of.

  • PR Newswire

    INVESTOR ALERT: Monteverde & Associates PC Announces an Investigation of the Following Merger

    Chardan Heathcare Acquisition Corp. (CHAC) related to its combination with BiomX Ltd. Pursuant to the terms of the Merger Agreement, BiomX's securityholders will receive an aggregate of 16,625,000 Chardan shares. As a result of the Proposed Transaction, Chardan's public stockholders will only own approximately 20% of Chardan's stock. Click here for more information: https://www.monteverdelaw.com/case/chardan-healthcare-acquisition-corp.  It is free and there is no cost or obligation to you. Restoration Robotics, Inc (HAIR) related to its combination with Venus Concept Ltd. Pursuant to the terms of the Merger Agreement, each share of Venus Concept will be converted into the right to receive 8.6506 shares of Restoration Robotics common stock.

  • ACCESSWIRE

    Greenland Acquisition Corporation (GLAC) Signed A Share Exchange Agreement to Acquire Zhongchai Holding (Hong Kong) Limited  

    NEW YORK, NY / ACCESSWIRE / September 24, 2019 / Greenland Acquisition Corp. ("GLAC"), a Nasdaq Capital Market quoted SPAC or special purpose acquisition company incorporated on Dec. 28, 2017, signed a share exchange agreement on July 12, 2019 to acquire 100% of the issued and outstanding capital stock of Zhongchai Holdings ("Zhongchai"). Under the terms of the agreement, GLAC will acquire all of the outstanding equity interests of Zhongchai from its existing shareholders, in exchange for 7.5 million newly issued ordinary shares of GLAC, where Zhongchai's initial shareholders will roll 100% of their equity holdings into the transaction, in order to receive a total of 7.5 million equity shares. Upon closing, Zhongchai will become a wholly-owned subsidiary of GLAC, and Zhongchai's majority owned subsidiaries will become the operating entities of the Company., Subsequently, Zhongchai's initial shareholders would own an aggregate stake of 67% of the newly created company at closing, and an ownership of 69% when the escrowed shares are released in 18 months, subject to the satisfaction of customary closing conditions.

  • PR Newswire

    Greenland Acquisition Corporation Announces Private Placement Transaction

    BEIJING, Sept. 11, 2019 /PRNewswire/ -- Greenland Acquisition Corporation ("Greenland") (GLAC), a blank check company formed for the purpose of acquiring one or more businesses or entities, announced today that it has entered into subscription agreements with certain investors, pursuant to which Greenland has agreed to issue and sell an aggregate of $6,000,000 of its ordinary shares at $10.25 per share in a private placement to investors ("Private Placement"). The closing of the Private Placement is conditioned on the closing of Greenland's business combination with Zhongchai Holding (Hong Kong) Limited occurring concurrently with or immediately following the closing of the Private Placement.

  • PR Newswire

    Greenland Acquisition Corporation to Extend Deadline to Consummate Business Combination

    BEIJING, July 24, 2019 /PRNewswire/ -- Greenland Acquisition Corporation (the "Company" or "Greenland") (NASDAQ: "GLAC") today announced that the Company's sponsor, Greenland Asset Management Corporation (the "Sponsor"), has deposited into the Company's trust account (the "Trust Account") an aggregate of $440,000, representing $0.10 per public share of the Company, in order to extend the period of time the Company has to consummate a business combination by three months to October 25, 2019. The Sponsor will have the option, but no obligation, to extend such period of time an additional two times, each by an additional three months, up to April 27, 2020, by depositing an aggregate of an additional $880,000 into the Trust Account, representing an additional $0.20 per public share, in connection with such additional extensions.

  • PR Newswire

    Greenland Acquisition Corporation Announces Signing of Agreement to Acquire Zhongchai Holding (Hong Kong) Limited

    BEIJING and HANGZHOU, China, July 12, 2019 /PRNewswire/ -- Greenland Acquisition Corporation (the "Company" or "Greenland") (GLAC), a blank check company formed for the purpose of acquiring one or more businesses or entities, announced today that it has signed a definitive share exchange agreement with Zhongchai Holding (Hong Kong) Limited ("Zhongchai Holding"), a leading developer and manufacturer of transmission products for material handling machineries in China. In addition, Zhongchai Holding has developed robotic cargo carriers, which it plans to produce and sell in the near future. Upon closing, Zhongchai Holding will become a wholly-owned subsidiary of Greenland, and Zhongchai Holding's majority owned subsidiaries will become the operating entities of the Company.