Zhongli Group plans to acquire shares of BAK Battery
2018-02-28 18:17:03 [Print]
Zhongli Group announced on February 24 that it plans to acquire shares of BAK Battery through issuing shares and paying cash to counterparty, such as Shenzhen BAK Battery and Tibet Haoze Trading Co., Ltd., predicting the preliminary consideration may reach RMB10 billion.
Zhongli Group said that it has signed the agreement on equity acquisition intention with Bick battery and Tibet Haoze Trading.
On February 7, Zhongli Group once released report that it plans to increase investment of RMB0.3 billion in BAK Battery by offering cash through its own or self-raised funds. After the completion of the capital increase, Zhongli Group will hold 2.93% of shares in BAK Battery.
Founded in 2001, BAK Battery is an important manufacturer of domestic cylinder power battery technology.
Zhongli Group said that it has signed the agreement on equity acquisition intention with Bick battery and Tibet Haoze Trading.
On February 7, Zhongli Group once released report that it plans to increase investment of RMB0.3 billion in BAK Battery by offering cash through its own or self-raised funds. After the completion of the capital increase, Zhongli Group will hold 2.93% of shares in BAK Battery.
Founded in 2001, BAK Battery is an important manufacturer of domestic cylinder power battery technology.
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