(EnergyAsia, May 4 2011, Wednesday) — NYSE-listed Puda Coal Inc said it has received a preliminary non-binding proposal from its chairman, Ming Zhao, to acquire all its outstanding common stock shares in a private transaction at up to US$12 per share in cash.Mr Zhao, who is under investigation for alleged unauthorised transactions in the shares…
CHINA: Under-investigation chairman offers to buy out Puda Coal
Posted on May 4, 2011 by EnergyAsia