Renewable Fuels

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MagneGas Corp completes acquisition of Equipment Sales and Service Inc

Monday, 27 Oct 2014 12:08pm EDT

MagneGas Corp:Announced that it has completed the acquisition of Equipment Sales and Service Inc (ESSI) of Clearwater, Florida.MagneGas purchased 100 pct of the outstanding stock of ESSI in exchange for $3 million in cash paid at the closing.Acquisition is expected to bring the overall MagneGas fuel division to a breakeven level in 2015.

China Energy Ltd updates on right of compulsory acquisition

Tuesday, 14 Oct 2014 12:00am EDT

China Energy Ltd:Says that in connection with the proposed voluntary delisting of the company from the Official List of the Singapore Exchange Securities Trading Limited pursuant to Rules 1307 and 1309 of the listing manual of the SGX-ST.And the exit offer letter issued by Lianguo International Limited to the shareholders dated Sept. 15, 2014 in connection with the exit offer made by the Offeror, to acquire all the issued ordinary shares in the capital of the company.Says that the offeror has issued a letter to the shareholders who did not accept the Exit Offer.The Letter states that as the Offeror has received acceptances pursuant to the Exit Offer for not less than 90 pct. of the total Shares.The offeror is entitled to exercise its right under Section 215(1) of the Companies Act, Chapter 50 of Singapore to compulsorily acquire, at the Exit Offer Price.Says all the shares in respect of which acceptances have not been received by it pursuant to the Exit Offer, on or after Nov. 15, 2014.Says being after the expiration of one month after the date on which a Notice to Dissenting Shareholder in the form prescribed under the Companies Act is given to Dissenting Shareholders.

MagneGas Corp acquires industrial building

Wednesday, 1 Oct 2014 11:00am EDT

MagneGas Corp:Has acquired a new 18,000 square foot industrial building and plans on moving its headquarters to the new location within 90 days.


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