China electric-bus maker's investment in Dragon Group back on, with new terms
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
