Shenzhen Oriental Fortune backs ZBB Energy JV
Shenzhen Oriental Fortune Capital has acquired an 8% stake in a Chinese joint venture set up by US-based ZBB Energy, which manufactures advanced energy storage and control platforms, for RMB$20 million ($3.24 million).
According to a statement, Wuhu Fuhai-Haoyan Venture Investment, a subsidiary of Shenzhen Oriental Fortune, invested in Anhui Meineng Store Energy System, a joint venture established in 2011. The joint...
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