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Clean TeQ Holdings Ltd buys Nippon Gas Japan's 50 pct. shareholding in Associated Water Joint Venture and 85 pct. shareholding in Clean World Japan Joint Venture


Sunday, 12 Jan 2014 05:09pm EST 

Clean TeQ Holdings Ltd:Says Clean TeQ and Nippon Gas have agreed that Clean TeQ will buy the 50 pct. Nippon Gas shareholding in the Associated Water Joint Venture, for $2 mln.Says the payment is deferred with $1 mln being payable in nine months and a further $1 mln being payable in 18 months.Says its has agreed to buy Nippon Gas' 85 pct. shareholding in the Clean World Japan Joint Venture effective immediately.Says it has agreed to exchange a $3.3 mln one time license fee from Nippon Gas Japan for a larger interest in on-going royalty payments.Says these payments are now being negotiated directly from ISK - based on the revenue generated from use of Clean TeQ's technology. 

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31 Oct 2014