China-based lithium battery maker Yinlong Group has raised up to $432 million (RMB3 billion) by selling 22.4 per cent stake to group of investors including state-owned transportation equipment maker China International Marine Containers Co Ltd (CIMC), Dalian Wanda Group, Beijing Yanzhao Huijin International Investment Co Ltd, and a unit of JD.com Inc, according to a China Money Network (CMN) report.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com