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May 28, 2014
16:37 EDTAMCFAndatee China Marine Fuel acquires Qingdao Grand New Energy
Andatee China Marine Fuel's wholly-owned subsidiary, Dalian Xifa Petrochemical, signed a definitive agreement on May 19 to acquire Qingdao Grand New Energy Co., a high-tech company providing clean energy solution. Under the terms of the agreement, Xifa will acquire privately-held Qingdao Grand for RMB476, 800 in total consideration, payable in cash. The acquisition is expected to be completed in Q2. Founded in 2012, Qingdao Grand is a high-tech company engaging in R&D, production, sale and service of the air-driven products.
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September 9, 2014
09:09 EDTAMCFAndatee China Marine Fuel signs financial leasing agreement
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