Sino Bioenergy Corp. acquired 55% stake in Huizhou Shi Ji Wu Feng Agricultural Biotechnology Co. Ltd. for $4.6 million.
December 19, 2012 at 11:00 pm
Sino Bioenergy Corp. (OTCPK:SFBE) acquired 55% stake in Huizhou Shi Ji Wu Feng Agricultural Biotechnology Co. Ltd. for $4.6 million on December 20, 2012. Sino Bioenergy issued 130.52 million shares to Huizhou Shi Ji Wu Feng Agricultural Biotechnology. The transaction is expected to be accretive.
Sino Bioenergy Corp. (OTCPK:SFBE) completed the acquisition of 55% stake in Huizhou Shi Ji Wu Feng Agricultural Biotechnology Co. Ltd. on December 20, 2012.