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Ideanomics Signs Agreement with CICC, China's #1 Investment Bank, for Underwriting of NTC Electric City Bus Transaction

Jan 17, 2019 - PR Newswire

PR Newswire

 Ideanomics (NASDAQ:IDEX) ("Ideanomics" or the "Company"), a leading global fintech and asset digitization services company, is pleased to announce it has entered into an agreement with China International Capital Corporation (CICC) to tentatively commit to underwrite up to RMB 10 billion (US$1.47 bn) per month for a total of 120 billion (US $17.7bn) of investment for the NTC Electric City Bus upgrade initiative and agreement announced by Ideanomics in July 2018.  

CI...