Brief: CBAK Energy Says Co Entered Into Cancellation Agreement With Three Creditors, Including CEO Yunfei Li
31/07/2019 23:16
July 31 (Reuters) - CBAK Energy Technology Inc CBAT.O :
* CBAK ENERGY TECHNOLOGY SAYS ON JULY 26, CO ENTERED INTO
CANCELLATION AGREEMENT WITH THREE CREDITORS, INCLUDING CO'S CEO
YUNFEI LI - SEC FILING
* CBAK ENERGY TECHNOLOGY - CREDITORS AGREED TO CANCEL DEBTS
IN
EXCHANGE FOR AGGREGATE OF 7.1 MILLION SHARES OF COMMON STOCK AT
EXCHANGE PRICE OF $1.05/SHARE
Source text: (http://bit.ly/2YA4rrB)
Further company coverage: CBAT.O
((Reuters.Briefs@thomsonreuters.com;))
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