Gushan chairman launches bid to privatize China’s biodiesel leader

February 29, 2012 |

In China, listed company Gushan Environmental Energy has received a takeover offer from its chairman that would value the company at $30.8 million while delisting it and making it privately held.

He already owns 34% of the company and would finance the transaction through his own cash as well as debt.

Category: Fuels

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