Chinese Guangdong Dynavolt acquires stake in Starlit Power
By admin June 5, 2015 12:17 pm IST
Starlit Power Systems Ltd has signed a joint venture (JV) with China’s second largest motorcycle and UPS battery manufacturing company Guangdong Dynavolt Technologies wherein, Guangdong Dynavolt will acquire 24 per cent of equity in Starlit Power Systems Ltd by an infusion of RMB 5 million.
Guangdong Dynavolt Ltd, a technology giant with over dozen subsidiaries in China, has a market capitalisation of Rs. 8,800 crores and is listed in the Shenzhen Stock Exchange.
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