Ren Yuanlin plugs Yangzijiang fortune into world’s biggest battery anode maker

Ren Yuanlin, the founder of Yangzijiang Shipbuilding, is taking over the world’s biggest supplier of lithium battery anode materials.  Battery specialist Shanshan Corp is being acquired by a consortium led by Ren, after a court ordered its debt-laden Shanghai-based parent firm Shanshan Group into asset restructuring. Ren’s investment group is paying RMB3.2bn ($450m) to take …

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