FESE to acquire FST – step into Li-ion battery business

On 30 Nov., 2015, Far East Smarter Energy Co., Ltd. (FESE) announced to purchase 100% shares in First New Energy Co. Ltd. (FST) at USD187.5 million (RMB1.2 billion), by issuing shares and paying in cash (= 35%).After the M&A, FST will become a wholly...

China Li-ion Battery E-News 201512