Chinese package decoration and printed material provider Yunnan Energy New Material Co., Ltd, formally known as Yunnan Chuangxin New Materials Group, plans to acquire Suzhou-based new energy thin-film material developer GreenPower New Energy for up to 2.02 billion yuan ($290 million), per a company latest filing with Shenzhen Stock Exchange (SSE) on Friday.
Yunnan Energy is picking up all the shares in GreenPower from parent company Suzhou Victory Precision Manufacture Co.,Ltd.
