Brief: Dragon Group International Says Sale And Purchase Of Shares In Eocell, Inc.

Dragon International

03/10/2023 11:35

Oct 3 (Reuters) - Dragon Group International Ltd
 DRGN.SI :
    * SALE AND PURCHASE OF SHARES IN EOCELL, INC.
    * AUTOMOTIVE OEM TO ACQUIRE 44.4% OF EOCELL'S ISSUED SHARES
IN
EXCHANGE FOR INVESTMENT SUM OF USD$200 MILLION
    * EOCELL, INC AND AUTOMOTIVE OEM EXECUTED A TERM SHEET ON 28
SEPTEMBER
    * INVESTMENT SHALL ONLY BE USED BY EOCELL FOR DESIGN,
DEVELOPMENT
& CONSTRUCTION OF FACILITY MANUFACTURING 2 GW BATTERIES

Source text for Eikon:  ID:nSN5h6FBk 
Further company coverage:  DRGN.SI 

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