BeaconEquity.com announces the publication of an article covering Puda Coal’s agreement to acquire 18% of Shanxi Jianhe Coal Industry, and its guaranteed first priority for the remaining 82%.
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In the article the author writes:
“Puda Coal Inc. (OTCBB: PUDC) supplies high-grade metallurgical coking oil used for steel manufacturing. The company recently announced its subsidiary, Shanxi Coal, has entered into an agreement to acquire 18% of Shanxi Jianhe Coal Industry Ltd. Co. (Jianhe Coal) from two major shareholders of the company worth RMB 100 million, or approximately US$14.6 million.”
Puda Coal is guaranteed first priority for the purchase of the remainder of Jianhe Coal:
“Per the agreement, Puda Coal is guaranteed first priority for the purchase of the remainder of the 82% of Jianhe Coal within 24 months of the agreement. … The company stated it will pay for the transaction through the company's treasury, which is expected to close within 90 days.”
To read the entire article visit http://www.beaconequity.com/m
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Source: BeaconEquity.com
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