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  • Aug. 18, 2014, 9:15 AM
    • ZBB Energy's (NYSEMKT: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
    | Aug. 18, 2014, 9:15 AM