Guar Global Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Guar Global Ltd Completes Acquisition Of Pure Guar India Private Limited-Form 8-K
Guar Global Ltd reported in its Form 8-K that On July 31, 2013 (the Closing Date), it has acquired 99.99% of the capital stock of Pure Guar India Private Limited, a company organized under the laws of the Republic of India (Pure Guar) pursuant to a Stock Purchase Agreement dated July 31, 2013 (the Stock Purchase Agreement) by and among the Company, Pure Guar, and the shareholders of Pure Guar (the Selling Shareholder). The Company paid $1,692.43 to the Selling Shareholder. Pure Guar was established in 2012 to produce guar gum in northwest India for export internationally to the oil and gas sector. Pure Guar aims to use new technology and specialized research to increase yields of guar seed and produce hydroxypropyl guar gum, a gelling agent used in hydraulic fracturing for natural gas extraction.
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