News Column

Lvjing Plans to Invest Cambodia Cassava Project

August 15, 2014

SHANGHAI, August 15, SinoCast -- Lvjing Holding posts that the company has reached a consensus on main clauses of an additional share offering with four investors under control of effective controller.

An announcement states that the company plans to invest a 4 million-ton-per year bio-mass energy cassava planting and processing project in Cambodia with financing from the share offering; it has reached a consensus on takeover of controlling right of target assets with seller. Other shareholders of the target assets are state shareholders except the seller. Work for completion of the deal is under way.

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Source: Sinocast Construction & Real Estate Beat (China)

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