Baiyu Holdings Unit to Acquire Jintongyuan Energy Storage Technology for $105.3 Million in Cash

MT Newswires Live08-27

Baiyu Holdings (BYU) said Tuesday that its Shenzhen Baiyu Jucheng Data Technology unit has agreed to acquire Shenzhen Jintongyuan Energy Storage Technology for 750 million Chinese renminbi ($105.3 million) in cash, paid in installments.

The deal is slated to be completed next month.

Jintongyuan is focused on the research and development, design, operation of energy storage batteries for North America.

Price: 4.1900, Change: -0.01, Percent Change: -0.24

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