Honbridge acquires Chinese lithium battery maker Shandong New Energy
News image:
Hong Kong-based metals and minerals investment firm Honbridge has acquired Shandong New Energy, a Chinese lithium battery manufacturer.
The acquistion was enacted via the purchase of 90.68% equity interest in Shandong New Energy's holding company Triumphant Glory Investment. The consideration was HK$634.76m ($81.8m).
To keep up to date with the latest news, subscribe to BBB, and get the top stories delivered to your inbox FREE every Monday morning.