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Posted On: 05/20/2025 10:47:30 AM
Post# of 3605
NEWS: 05/16/2025 - 03:40 PM
Wall Township, NJ, May 16, 2025 (GLOBE NEWSWIRE) -- The majority owners Mr. George J. Coates, CEO and son Gregory G. Coates, VP of Advanced Hydrogen Power, Ltd. and Coates International Ltd. have signed a corporation’s business sale contractual agreement to sell their two companies and all technologies and patents for $400,000,000 USD. The buyer is a private bank, not disclosed. George and Gregory are to stay with the companies and set up manufacturing operations.
The agreement dispersal $300,000,000 to sellers, $75,000,000 to companies for working capital and expansion, and $25,000,000 broker fees. More news coming soon. Please contact us at www.coatesengine.com, info@coatesengine.com, or (732) 449-7717 for more information.
Wall Township, NJ, May 16, 2025 (GLOBE NEWSWIRE) -- The majority owners Mr. George J. Coates, CEO and son Gregory G. Coates, VP of Advanced Hydrogen Power, Ltd. and Coates International Ltd. have signed a corporation’s business sale contractual agreement to sell their two companies and all technologies and patents for $400,000,000 USD. The buyer is a private bank, not disclosed. George and Gregory are to stay with the companies and set up manufacturing operations.
The agreement dispersal $300,000,000 to sellers, $75,000,000 to companies for working capital and expansion, and $25,000,000 broker fees. More news coming soon. Please contact us at www.coatesengine.com, info@coatesengine.com, or (732) 449-7717 for more information.
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