- eLong Power agreed to sell 100% of its equity interest in Elong BVI to a non-affiliated buyer for USD 10,000.
- The divested business includes Elong BVI’s subsidiaries, including Elong Power (Hong Kong) International, Elong Power (Ganzhou), Huizhou Jingyang Energy Technology, Ganzhou Zhangyang Energy Technology, and Zibo Jingyang New Energy Technology.
- The transaction closed on March 19, 2026.
- Elong BVI and its subsidiaries had about USD 18 million in shareholders’ deficit, and the sale increased eLong Power’s shareholders’ equity by about USD 18 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. eLong Power Holding Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-011969), on March 20, 2026, and is solely responsible for the information contained therein.