trending Market Intelligence /marketintelligence/en/news-insights/trending/9CmcBnasPjVKML22pYsrwA2 content esgSubNav
In This List

Enviro Energy considers acquisition of China Area International

Blog

Insight Weekly: Private equity slows; SPAC underwriters retreat; carbon capture boost

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge


Enviro Energy considers acquisition of China Area International

A unit of Enviro Energy International Holdings Ltd entered a non-binding memorandum of understanding for the potential acquisition of China Area International (HK) Ltd.

Enviro Energy said Dec. 24 that it intends to acquire a 100% interest in the China-based company, which holds an exploration license for granite mining at a 147,900-square-meter site in China's Liaoning province.

Even though the agreement did not specify the exact amount, the company said the consideration will be settled through the issuance of ordinary shares or a convertible bond.