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Honbridge acquires Chinese lithium battery maker Shandong New Energy

Fri, 07/11/2014 - 15:42 -- Laura Varriale
Honbridge

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).

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