- ZBB Energy's (ZBB) Chinese joint venture, Meineng Energy, has received a cash investment of RMB20M ($3.2M) from Wuhu Fuhai-Haoyan Venture Investment for a post-closing equity position of 8%.
- Once governmental approval is obtained, the investment capital will be used to fund ongoing operations and development of the Chinese market, and will result in Meineng Energy's post-closing valuation of RMB250M ($42M).
- ZBB +3.6% premarket