Brief: CBAK Energy Announces Agreement To Buy Majority Stake In Zhejiang Meidu Hitrans
26/07/2021 15:17
July 26 (Reuters) - CBAK Energy Technology Inc CBAT.O :
* CBAK ENERGY ANNOUNCES FRAMEWORK AGREEMENT TO ACQUIRE
MAJORITY
STAKE IN ZHEJIANG MEIDU HITRANS
* CBAK ENERGY TECHNOLOGY INC - CBAK POWER WILL ACQUIRE
81.56% OF
EQUITY INTERESTS OF HITRANS
* CBAK ENERGY TECHNOLOGY INC - DEAL CONSIDERATION OF
APPROXIMATELY
RMB158.74 MILLION
Source text for Eikon: ID:nPn4NMnlCa
Further company coverage: CBAT.O
((Reuters.Briefs@thomsonreuters.com;))
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