<article>Tantech Holdings Ltd has completed its 70 per cent stake acquisition in Suzhou E Motors Co Ltd, while China Ceramics Co Ltd has closed private placement of its ordinary shares.</article>

Tantech Holdings Ltd has completed its 70 per cent stake acquisition in Suzhou E Motors Co Ltd, while China Ceramics Co Ltd has closed private placement of its ordinary shares.
<h3>Tantech takes over Suzhou Motors</h3>
<a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Tantech" target="_blank" rel="noopener noreferrer">Tantech Holdings Ltd</a> has taken over <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Suzhou+E+Motors" target="_blank" rel="noopener noreferrer">Suzhou E Motors Co Ltd</a> after completing its acquisition of 70 per cent equity interest in the Chinese manufacturer of specialised electric vehicles (EVs) and power batteries.
Tantech acquired the firm from Henglong Chen for $14.7 million (RMB103.2 million) and a share consideration of 2.5 million restricted shares.
Founded in 2011, Suzhou E Motors designs, assembles and distributes three types of EVs, the urban sanitary vehicles, electric logistics vehicles, and mini tourist buses.
Tantech chairman and CEO Zhengyu Wang, said they expect to lead in specialty EVs in China with the acquisition. Tantech develops bamboo-based charcoal products and electric double-layer capacitor (EDLC) carbon products for industrial energy applications.
The company had originally negotiated to acquire 100 per cent of Suzhou E Motors, however, that proposal fell through as the latter&#8217;s minority shareholder, Jinke Venture Capital, a local government-led VC fund, opted to retain 30 per cent interest.
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<h3>China Ceramics cements private placement</h3>
Nasdaq-listed <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=China+Ceramics" target="_blank" rel="noopener noreferrer">China Ceramics Co Ltd</a> has cemented a $861,000 private placement of its ordinary shares with certain accredited investors.
It was based on the price of $1.36 per ordinary share, the closing price of the the ceramics company&#8217;s securities on Monday, July 17.
The company manufactures ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings in China.
It has agreed to register the ordinary shares sold in the private offering for resale no later than 270 days after the closing of the offering.
&#8220;The net proceeds of this offering will be used for working capital and general corporate purposes,&#8221; the firm said in its statement.
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Tantech Holdings Ltd has completed its 70 per cent acquisition stake in Suzhou E Motors Co Ltd, while China Ceramics Co Ltd has closed private placement of its ordinary shares.

China Digest: Tantech takes over Suzhou Motors; China Ceramics' private placement

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China Digest: Tantech takes over Suzhou Motors; China Ceramics' private placement

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