Shenzhen Power Batteries Co Ltd, Looking Further Afield for Investment - 6th February 2015

Feb. 6, 2015 - PRLog -- SPB Company News

Shenzhen Power Batteries Co Ltd,  Looking Further Afield for Investment - 6th February 2015.

In light of the recent news that the Chinese Government will be looking to improve the rules and regulations surrounding Foreign Direct Investment, with a view of making it easier for foreign entities to invest in all industries within the economy, Shenzhen Power Batteries can today announce that we are actively in discussions with several US finance houses regarding our intention to list both here in China and/or overseas.

Although we are committed to listing on our local exchanges the new possibility of restrictions being scaled back and regulations being unified and allowing this type of outside investment is an exciting prospect for the company to consider at this time.

As per our previous releases, we are not at liberty to divulge precisely who we are in communications with due to our listing procedures and regulations within China.

However, we can confirm that representatives of several well known investment firms from the United States have approached Shenzhen Power Batteries with a view to discuss the possibilities of increased funding should there be an option for FDI once the regulations have been eased.

$128bn was invested by foreign companies in China last year making it the number one destination for foreign investment in 2014 and replacing the US. It is the first time since 2003 the US was not the preferred FDI destination. With the loosening of regulations allowing foreign companies and investors to access industry sectors such as ours, the potential for financing and technology partners has significantly increased over the past few months allowing us to look forward and work towards the best possible listing scenario for both the company and its initial investors.

For more information on SPB and their technology please visit www.shenzhenpowerbatteries.com