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

[SINGAPORE] Investment management company Yangzijiang Financial : YF8 -2.48% and two of its strategic investors have entered into an agreement to lead the restructuring of Chinese lithium battery producer Ningbo Shanshan.

In a bourse filing on Wednesday (Oct 1), Yangzijiang Financial said the consortium – comprising its wholly owned subsidiary Jiangsu New Yangzi Commerce & Trading, as well as strategic investors Xiamen TCL Industrial Investment and China Orient Asset Management – will obtain effective voting rights of about 23.4 per cent in Shanshan.