Vision Group plans to acquire Brazilian lithium battery company
2017-03-09 18:30:35 【Print】
In the morning of March 8, Vision Group announced that they plan to acquire 59
The announcement shows that Hong Kong Vision, the subsidiary of Vision Group will sign the investment agreement and acquire 14,779,133 shares of Unicoba at BRL100 million in cash, accounted for 50 . 00% of total share of Unicoba; At the same time, Hong Kong Vision will purchase 6,650,610 shares of Unicoba at BRL450 million . After the transaction, Hong Kong Vision will hold 21,429,743 shares of Unicoba, accounting for 59 . 18% of the total equity of Unicoba and Unicoba will be the subsidiary of Hong Kong Vision.
Hong Kong Vision claimed that the acquisition will help the company to develop Brazilian and South American markets rapidly and promote their market shares in overseas market . It will also help the company to have a head start in South American lithium battery market, improve their ability and the value of industrial chain.
. 18% shares of Brazilian Unicoba company and they will get involved in South African lithium battery market.
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