Renewable Fuels
China Energy Limited Announces Voluntary De-Registration Of Two Wholly Owned Dormant Subsidiaries
China Energy Limited announced the voluntary de-registration of the Group’s two wholly-owned subsidiaries, namely Linyi Jiutai Energy Eco-fuel Co., Ltd. (Eco-fuel) and Shandong Jiutai Energy Co., Ltd. (Shandong Jiutai) had been completed on September 21, 2011 and September 2,02011 respectively (the Transaction). Both Eco-fuel and Shandong Jiutai had remained dormant since their incorporation on October 16, 2007 and October 23, 2007 respectively.
Lereno Bio-Chem Ltd. Announces Striking Off Of Subsidiary
Lereno Bio-Chem Ltd. announced that the Company has received a letter from the Accounting and Corporate Regulatory Authority (ACRA) on August 16, 2011 informing that, upon the application of Living Ocean International Construction Pte Ltd (LOIC) (a dormant and wholly owned subsidiary of the Company) to ACRA, the name of LOIC had been struck off from the Register of Companies pursuant to Section 344(2) of the Companies Act (Chapter 50) of Singapore on August 10, 2011.
China Energy Limited’s Jiutai Energy Technology Co., Ltd Completes Transfer Of Its Entire Shareholding In The Capital Of Zhangjiagang Jiutai Trading Co., Ltd To Jiutai Energy (Zhangjiagang) Co., Ltd
China Energy Limited announced that the Company’s wholly-owned subsidiary, Jiutai Energy Technology Co., Ltd (Jiutai Energy) had completed the transfer its entire shareholding in the capital of Zhangjiagang Jiutai Trading Co., Ltd (Zhangjiagang Trading) to Jiutai Energy (Zhangjiagang) Co., Ltd (Zhangjiagang), a wholly-owned subsidiary of the Group (the Transaction) on July 28, 2011. The aggregate consideration for the Transaction was approximately RMB9,654,080, being the net asset value of Zhangjiagang Trading as at April 30, 2011. Zhangjiagang Trading, a company incorporated in the People’s Republic of China, was established on October 26, 2007 for the purpose of trading and procurement of chemical products. The entire issued capital of RMB10 million was held by Jiutai Energy. Zhangjiagang Trading has remained dormant since its incorporation.
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