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FDG in $96m lithium ion sell off

Thu, 04/30/2015 - 10:34 -- Paul Crompton
FDG in $96m lithium ion sell off

FDG Electric Vehicles’ has sold a stake in its lithium-ion battery production unit to private-equity investor CIAM Group for HK$750m ($96.8 million).

CIAM Group will pay for a 25% minority stake in Synergy Dragon by issuing convertible bonds to FDG.

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