Liaoning SG Automotive to acquire majority of Huizhou Epower shares  [ China ]

Liaoning SG Automotive Group Co., Ltd. announced that it will issue new shares (unlisted stock), and will acquire 70.423% of Huizhou Epower Electronics Co., Ltd. (E-POW) shares from its shareholders including Xinjiang Anjitaike Equity Investment Co., Ltd. and Hangzhou Shenghui Investment Co., Ltd. Liaoning will spend CNY 178 million on this deal. E-POW mainly develops and produces lithium-ion b...