China New Energy pulls out of BAPP Ethanol acquisition after due dilligence

February 25, 2014 |

In China, China New Energy has decided against acquiring BAPP Ethanol, a wholly owned subsidiary of Sino Distillery Group, after the due diligence process resulted in findings not conducive to the takeover. As a result of ending the due diligence process, the company’s shares have resumed trading. The MOU to take over BAPP Ethanol was announced in December.

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Category: Fuels

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