Origo ups capital in Unipower Battery
China-focused Origo Partners will commit $15 million to electric-vehicle battery maker Unipower Battery as part of a $22 million convertible note offering, coming as the second capital injection from the PE firm into the company in less than a year.
Unipower launched last year by private PRC battery maker Huanyu Group and UK-listed Origo, with the latter investing $4.3 million into the company in August for an approximate 16.5% stake. China Equity...
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