|
|
News Breaks | | | | October 22, 2012 | | 09:36 EDT |  | LPH | Longwei Petroleum says appraisal values Huajie assets at $119.4M
Longwei Petroleum Investment Holding reported it has completed an independent appraisal of the assets purchased from Huajie Petroleum and received the official asset ownership registration documents from the local government. Longwei contracted Shanxi Wan Jia Assets Appraisal to inspect and perform an independent valuation report of the Huajie assets purchased on September 26. The updated appraisal value of the Huajie assets was approximately $119.4M, a 7.5% increase in value over the purchase price. The updated valuation report is also an increase of approximately $3.5M from the February 13, 2011 independent valuation report of approximately $115.9M, due to the increase in the real estate value. | |
|
News For LPH From The Last 14 Days Check below for free stories on LPH the last two weeks. |
|
|
| There are no results for LPH |
|
|
|
|
|
|
