Ivanhoe Energy announces sale of Pan-China Resources Ivanhoe Energy announced that it has signed a share purchase and sale agreement with MIE Holdings Corporation for all of the outstanding shares of its indirect, wholly owned subsidiary, Pan-China Resources, in exchange for a cash consideration of $45M. Pan-China Resources holds 100% of the foreign contractor's rights for the Dagang Production Sharing Contract. The transaction has an effective date of September 30 and is subject to standard industry closing conditions, including a $5M hold-back of the total consideration that is payable six months from the closing date. Anticipated closing will be within 30 days.
News For IVAN From The Last 14 Days
Check below for free stories on IVAN the last two weeks.
Subscribe for More Information