China's Ningbo Ronbay says it's being probed over statements made about $17 bln <a href="https://laohu8.com/S/300750">CATL</a> deal
BEIJING, Jan 18 (Reuters) - China's securities regulator is probing Ningbo Ronbay New Energy Technology 688005.SS over alleged misleading statements regarding a major contract announcement, according to a Shanghai Stock Exchange filing by the company on Sunday.
The Chinese battery materials maker said its operations remain normal and it will cooperate fully with the regulatory probe while complying with disclosure requirements, according to the filing.
The probe comes after Ningbo Ronbay on Tuesday announced a 120 billion yuan ($17.2 billion) battery materials supply deal with battery giant Contemporary Amperex Technology (CATL) 300750.SZ.
($1 = 6.9681 yuan)
(Reporting by Beijing Newsroom; Editing by Tom Hogue)
((Ziyi.Tang@thomsonreuters.com;))
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