Camel Group to acquire Yangzhou Apollo Battery  [ China ]

On April 12, 2014, Camel Group Co., Ltd. announced that it will acquire 100 percent of the equity shares in Yangzhou Apollo Battery Co., Ltd., which manufactures and sells high-capacity, maintenance-free lead-acid sealed batteries. Currently, the battery supplier is owned 55.57 percent by Oriental Technologies Investment Limited of Australia and 44.43 percent by Indeveno Industrial Supply Pty. ...