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China electric-bus maker's investment in Dragon Group back on, with new terms

Published Fri, Jan 4, 2019 · 09:50 PM

Singapore

THE US$20 million investment by Chinese electric-bus manufacturer Zhuhai Yinlong Energy (YLE) in a unit of struggling electronics engineering firm Dragon Group International, originally scuttled, is back on - but with a few changes after a renegotiation.

Dragon was placed on the Singapore Exchange's watch list on March 4, 2015 and will be required to delist from the mainboard after having repeatedly failed to meet the financial-exit criteria by stipulated deadlines.

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