CRRC Times Electric to acquire remaining shares of Dynex Power

Dynex Power Inc. announced a privatization transaction where controlling shareholder Zhuzhou CRRC Times Electric Co., Ltd. will acquire all common shares it does not already own for $0.65 per share in cash. CRRC Times Electric currently holds approximately 75% of Dynex shares.

“The purchase price represents an approximate 160% premium over the last trading price of the common shares on the TSX Venture Exchange on January 17, 2019.”newswire.ca

• 1 source
• newswire.caDynex Power Inc. Announces Privatization Transaction - Controlling Shareholder to Acquire all of Dynex SharesDynex Power Inc.Jan 18, 2019

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