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