TC

29/07/2016 12:06

China Dynamics teams up with investment management firm

    China Dynamics (00476) said it has signed a non-legally binding strategic cooperation framework agreement with One Capital Group Investment Management Limited.
  One Capital will finance China Dynamics' new energy business development through placing of new shares by China Dynamics and become the strategic shareholder of China Dynamics. One Capital will introduce potential strategic investors to China Dynamics in order to enhance the working capital of the Group and will perform market research and assist the Group in exploring new business opportunity for the Group.
  One Capital is principally engaged in investment fund operation, asset management,
financial services and investment banking. One Capital is based in Shenzhen, the People's Republic of China, and its investment portfolio mainly includes businesses in infrastructure, financial services, education and healthcare industry.
  China Dynamics believes the cooperation will allow the Group to secure financing in the research, development and production of the electric bus, electric vehicles and lithium battery products; and leverage on the experience and business network of One Capital to explore and expand the Group's business opportunity for the electric bus, electric vehicles and lithium battery products.

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