Latest Asia Pacific Boiler (PADR) Headlines A
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Posted On: 03/10/2014 10:42:11 PM
Latest Asia Pacific Boiler (PADR) Headlines
Asia Pacific Boiler Corp enters into letter of intent for strategic acquisition of key subsidiaries
PR Newswire - Fri Feb 21, 3:35PM CST
ASIA PACIFIC BOILER CORPORATION (OTCQB: PADR) ("Asia Pacific" or the "Company") on February 14, 2014 entered into a letter of intent regarding our proposed acquisition of Million Place Investments Limited. ("Million Place"), a BVI corporation. Million Place holds an option to purchase up to 51% of Inner Mongolia Yulong Pump Production Co. Ltd. ("Yulong Pump"), a PRC corporation engaged in the production and sale of industrial boilers. To date, Million Place has completed the acquisition of 49% of Yulong Pump.
Asia Pacific Boiler Corp enters into letter of intent for strategic acquisition of key subsidiaries
PR Newswire - Fri Feb 21, 3:35PM CST
ASIA PACIFIC BOILER CORPORATION (OTCQB: PADR) ("Asia Pacific" or the "Company") on February 14, 2014 entered into a letter of intent regarding our proposed acquisition of Million Place Investments Limited. ("Million Place"), a BVI corporation. Million Place holds an option to purchase up to 51% of Inner Mongolia Yulong Pump Production Co. Ltd. ("Yulong Pump"), a PRC corporation engaged in the production and sale of industrial boilers. To date, Million Place has completed the acquisition of 49% of Yulong Pump.
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