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Zhiguang Electric in Talks to Acquire Shanghai Cooltech Power's Subsidiary
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(MT Newswires) -- Chinese electric power grid control equipment Guangzhou Zhiguang Electric (SHE:002169) is in discussion with Shanghai Cooltech Power (SHE:300153) to acquire all or part of the latter's subsidiary, Guangzhou Zhiguang Energy Storage Technology, through share placement and cash. Shanghai Cooltech Power (SHE:300153) currently owns 5.18% of Zhiguang Energy Storage, according to a Shenzhen bourse filing on Monday. Trading of both companies' shares is suspended for up to ten trading days.
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