Highpower International Enters Into Definitive Agreement to Be Acquired by Consortium in Going Private Transaction
HIGHPOWER INTL (HPJ)
US:NASDAQ Investor Relations:
ir.highpowertech.com
Company Research
Source: PR Newswire
SAN DIEGO and SHENZHEN, China, June 28, 2019 /PRNewswire/ -- Highpower International, Inc. (NASDAQ: HPJ) ("Highpower" or the "Company"), a developer, manufacturer, and marketer of lithium ion and nickel-metal hydride (Ni-MH) rechargeable batteries, battery management systems, and a provider of battery recycling, today announced that it has entered into a definitive agreement and plan of merger (the "Merger Agreement") under which HPJ Parent Limited ("Parent"), an exempted company with limited liability incorporated under the laws of the Cayman Islands and formed by a consortium consisting of Mr. Dang Yu (George) Pan, the Company's Chairman and Chief Executive Officer and a stockholder of the Company, Mr. Wen Liang Li, a director and stockholder of the Company, Mr. Wen Wei Ma, a stockholder of the Company, and Essence International Capital Limited, a company incorporated in Hong Kong, will acquire Highpower through a merger with a wholly-owned subsidiary of Parent (the "Merger").Subjec
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