Yangzijiang Financial pumps 1.02 billion yuan in lithium battery producer Ningbo Shanshan’s restructuring

Singapore's Yangzijiang Financial invests $143.27M to lead the restructuring of lithium battery firm Shanshan

Singapore-based investment manager Yangzijiang Financial is investing RMB 1.02 billion ($143.27 million) to lead the restructuring of lithium battery giant Shanshan Co. Yangzijiang said in a statement on Wednesday that the firm together with its subsidiaries, have via its wholly owned subsidiary, Jiangsu New Yangzi Commerce & Trading (New Yangzi C&T), together with its strategic investors, Xiamen TCL Industrial Investment, and China Orient Asset…

Yangzijiang Financial pumps 1.02 billion yuan in lithium battery producer Ningbo Shanshan’s restructuring

The investment by the group and two of its investors gives them effective voting rights of 23.4 per cent in the lithium battery producer