Shares In Chinese Battery Maker Soar After BYD Billionaire Boosts Stake
Shares in lithium battery maker Luxiang Co. climbed by their 10% daily trading limit at the Shenzhen Stock Exchange for a second day on Monday after Chinese auto billionaire Lv Xiangyang announced plans last week to increase his stake in the company.
Luxiang said last Thursday Lv’s Youngy Investment Holding Group will pay 403.5 million yuan, or $65 million, for 27.6 million new shares.
A Blog for Browsing Mining, Mineral Processing, and Metals Info 