July 2 (NBD) -- Chinese smart energy service provider TBEA Co., Ltd. (600089.SH) plans to buy shares worth no less than 100 million yuan (15.1 million U.S. dollars) of Xinjiang Joinworld Company Limited (600888.SH) in a cash deal through the latter's non-public offering. 

Xinjiang Joinworld, which primarily engages in the manufacture and sale of electronic materials and processing of aluminum products, is going to raise no more than 1.2 billion yuan (181.4 million U.S. dollars) in total via the private placement. 

TBEA, in fact, now is the largest shareholder of the Xinjiang-based company with a 28.14 percent stake.  

Email: lansuying@nbd.com.cn