CBAK Talks Up Acquisition of Troubled Supplier, But Investors Unimpressed
Benzinga
APRIL 13, 2022
• Filings show financials for the acquired company remain shaky, with its operations producing large cash deficits. Electric vehicle battery maker CBAK Energy Technology Inc. NASDAQ: CBAT ) is doing just that, trying to put a positive spin on a recent acquisition that seems more troublesome than helpful for the company.
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