Algae.Tec signs with China Finance Strategies to introduce tech to greater China region

In China, Algae.Tec has made an agreement with China Finance Strategies Investment Holdings Ltd (“CFS”) under which Algae.Tec will issue an initial US$0.5m convertible bond and, subject to the achievement of certain milestones, will issue US$5m conditional options to CFS, and CFS will introduce Algae.Tec’s technology into the greater China region.

Algae.Tec Managing Director Mr. Peter Hatfull said “This is an exciting development for Algae.Tec following on from the Company’s program with India’s Reliance Industries Limited, and the recent Chinese commitments with the US to curb greenhouse gas emissions.”

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