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| ANNOUNCEMENTS |
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Monday, June 21, 2011 |
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| PRESS INFORMATION: Orient Energy & Logistics Holdings Ltd. starts trading with first quotation at EUR1.40 |
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| First price determined at Frankfurt Stock Exchange - Important milestone in company's growth strategy - Listed in the Open Market since May 18, 2011 - Hong-Kong-based Orient Energy and Logistics operating in the areas of resources and entertainment - Solid long-term distribution agreements in China ... |
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Monday, June 20, 2011 |
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| Cinema Management Business |
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| Our Group has entered into a Preliminary Agreement with a team of specialists in this business to acquire 100% of a certain cinema management business in PRC with existing management right of 20 cinemas. The key financial information of the said operation can be summarized as follows ... |
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Monday, June 20, 2011 |
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| Convertible Bond |
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| An agreement has been made between our majority shareholder Oasis Ocean Overseas Limited and our Group for subscription of Convertible Loan Notes (convertible to ordinary shares at par value) to be issued by our Group to the amount of USD10 million to finance the working capital of our Group. Further, serious negotiation has been conducted between the management and investor(s) to acquire Convertible Loan Notes to be issued by our Group's listed ... |
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Monday, June 20, 2011 |
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| Iron Ore Mine in Mexico |
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| Our Group has entered into an Agreement to acquire a minimum of 51% of the outstanding interests of the Sara Iron Sands Concession, (Mexican Mining Title # 235629, 235630, and 235631), with a completion scheduled in August 2011. The concession is currently being transitioned into El Sara Mining SA de CV, a Mexican Sociedad Anonima de Capital Variable (aka: Variable Capital Company ... |
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Monday, June 20, 2011 |
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| Iron Ore Mine in Peru |
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| Our Group is negotiating to acquire various high quality iron ore mines in Peru. Further appraisals will be conducted to consider the market value of the said mines and other technical issues including feasibility of extraction and logistics. ... |
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Monday, June 20, 2011 |
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| Long Term Supply Agreement with China Floorings Holdings Company Group |
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| Our Group has entered into a non-exclusive Long Term Supply Agreement with China Floorings Holdings Company Group ("FHL Group") for provisions of hardwood timber products from the aforesaid concession to the FHL Group. The FHL Group has been listed on the main board of the Hong Kong Stock Exchange (Stock Code No. 2083) and given that it is the largest hardwood floorboard manufacturer and distributor in Mainland China, it has a strong and ... |
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Monday, June 20, 2011 |
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| Forestry Concession in Peru |
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| Our Group has contracted to acquire a Forestry Concession in Peru of 57,776 hectares with a hard wood timber inventory of around 700,000 m3 per hectare. According to a valuation report prepared by BMI Appraisals Limited, the value of the said Concession as at 28th February 2011 is USD40, 300,000. Our Group is currently preparing a business plan and recruiting a capable working team led by Mr. Savio Chow to develop the said Concession and we ... |
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Monday, June 20, 2011 |
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| Standby Equity Purchase Agreement with Prime Capital Fund LLC |
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| The Group is pleased to announce that Prime Capital Fund LLC ( a limited liability Group formed under the laws of New York, USA) ("Prime Capital") has entered into a Standby Equity Purchase Agreement whereby Prime Capital has agreed to subscribe up to EUR100,000,000 worth of shares from our Company over a 3 years period. Upon our Group's issuance of Draw Down Notice(s), Prime Capital is committed to acquire not less than 10% of the cumulative ... |
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Frankfurt Stock Exchange
Orient Energy & Logistics Holdings Ltd. |
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Data are updated every 20 minutes. |
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Orient Worldwide Locations |
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China |
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Hong Kong |
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Europe |
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North America |
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Asia |
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