EoCell is a joint venture between Dragon and Sputnik Energy, formed in 2015 to explore opportunities in the lithium ion batteries and energy storage market.The original proposed subscription of shares by YLE and Sputnik Energy, first announced in 2017, was not fulfilled and/or waived before the long-stop date of April 2018, so the agreements were terminated.
Dragon Group International was placed on the Singapore Exchange's watch list on March 4, 2015 and will be required to delist from the mainboard after it failed to meet the financial exit criteria before the stipulated deadline several times. Trading in its securities ceased in May 2018 and remains suspended until the completion of its exit offer.
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