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June 8 (NBD) -- Yinlong New Energy had terminated the pre-listing tutoring process, according to a filing disclosed late last month by Guangdong Bureau of the China Securities Regulatory Commission.

Yinlong New Energy, an electric bus and battery manufacturer based in southeast China's Zhuhai, obtained a capital injection of 3 billion yuan (468.7 million U.S. dollars) from Dong Mingzhu, chairwoman of Gree Electric Appliances, Inc. of Zhuhai (000651.SZ), Wang Jianlin, chairman of Dalian Wanda Group, Liu Qiangdong, CEO of JD.com and other individual investors as well as institutions.

Shortly thereafter, in another round of capital injection, Dong Mingzhu increased the stake up to 17.46 percent, becoming the second largest shareholder of the battery maker.


Email: gaohan@nbd.com.cn

Editor: Gao Han