Key Developments: Sino Bioenergy Corp (SFBE.PK)

SFBE.PK on OTC Markets Group

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7 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Sino Bioenergy Corp appoints new CEO
Monday, 23 Dec 2013 10:13am EST 

Sino Bioenergy Corp:Says it has appointed a new Chief Executive Officer to replace Daniel Mckinney who resigned from his position as Chief Executive Officer, President and Director.Says its Chief Operating Officer, Hoi Ming Chan has been appointed Chief Executive Officer and President of the company.  Full Article

Sino Bioenergy Corp Signs 10-Year Sales Contract
Monday, 4 Mar 2013 09:26am EST 

Sino Bioenergy Corp announced the signing of a 10 year sales contract to supply rice seeds. The Company's 55% owned subsidiary, Huizhou Shi Ji Wu Feng Agricultural Biotechnology Co. Ltd., (HB) has signed an agreement to supply Jiangxi Jingcai Nonglin Science and Technology Co., Ltd. (JJN) with rice seeds. The contract includes consulting and technical guidance as well as providing promotional materials to JJN. The contract is expected to generate $1.46 million in sales for 2013 increasing to $14.6 million in 2014 and a projected $43 million by 2015. The Company's rice seeds are disease resistant, high yielding genetically improved rice with the transgenic rice grain length increased by 25% over normal rice. It produces lower chalky rice with a 23% weigh gain and 10% grain number increase. The seeds are produced in laboratories at HB.  Full Article

Sino Bioenergy Corp Closes Acquisition Of Huizhou Biotech
Thursday, 20 Dec 2012 08:30am EST 

Sino Bioenergy Corp announced that it has closed a control stake in Huizhou Biotech firm in China. SFBE is purchasing a 55% stake in Huizhou Shi Ji Wu Feng Agricultural Biotechnology Co. Ltd., (HB) and has issued 130,520,000 restricted shares, valued at $0.10 a shares to close the USD13,520,000 acquisition.  Full Article

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