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Highpower International (HPJ) approached by it’s CEO Mr. Dang Yu (George) Pan

  • June 5, 2018


StockHighpower International, Inc.SymbolHPJ
Date Announced06/04/2018Source Press release
TypeUnsolicited BidAcquiring Company/Person HPJ Parent Limited
Date of Confirmation: 06/28/2019Price at Confirmation: $3.05
Potential Profit: -10.29%Annualized Profit: -9.66%

Highpower International, Inc. (HPJ), a developer, manufacturer, and marketer of lithium ion and nickel-metal hydride (Ni-MH) rechargeable batteries, battery management systems, and a provider of battery recycling, today announced that its Board of Directors received a non-binding proposal from Mr. Dang Yu (George) Pan, the Company’s Chairman and Chief Executive Officer, to acquire certain outstanding shares of common stock of the Company at a cash purchase price of $4.80 per share.

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