US$1.3b deal for oil fields
Print Edition
A Chinese investment holding company said it has signed a letter of intent to purchase oil fields in Texas for 8.3 billion yuan (US$1.3 billion) through a limited liability partnership.
In a disclosure to the Shanghai Stock Exchange, Yantai Xinchao Industry Co Ltd said the oil fields in Howard and Borden counties would be bought from Tall City Exploration and Plymouth Petroleum, two Nevada-based companies.
In the Saturday filing, Yantai Xinchao said it signed a letter of intent on Friday with Ningbo Dingliang Huitong Equity Investment Center, a limited liability partnership, and its seven shareholders to buy the oil fields through a Ningbo Dingliang subsidiary, Moss Creek Resources LLC.
It said the transaction has been approved by the Committee on Foreign Investment in the United States.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
