March 24, 2017 / 9:36 PM / 7 months ago

BRIEF-CBAK Energy, unit enter into termination agreement with Shenzhen Bak

March 24 (Reuters) - CBAK Energy Technology Inc

* CBAK Energy Technology - on March 21, CBAK co, unit entered into termination agreement with company’s former subsidiary, Shenzhen Bak Battery Co

* CBAK Energy Technology - Shenzhen Bak agreed to pay $1 million to co as termination fee no later than 1 month after execution of ip termination agreement

* CBAK Energy Technology - pursuant to termination deal,parties agreed to terminate intellectual property license agreement entered into on Aug 25, 2014

* CBAK Energy Technology - Shenzhen Bak agreed to transfer for free to Dalian Cbak any registered trademark, logo containing word 'CBAK' owned by Shenzhen Bak Source: (bit.ly/2nlsU0D) Further company coverage:

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