Sino Vanadium Successfully Extends Its Registered Capital Requirement
Sino Vanadium Inc. (CVE:SVX), a late-stage vanadium pentoxide (V205) play, announced that it has been successful in obtaining an extension from the applicable Chinese governmental authority for meeting the registered capital requirement of its wholly owned subsidiary, Shaanxi Wellkan Resources Limited.
Sino Vanadium Inc. (TSXV:SVX), a late-stage vanadium pentoxide (V205) play, announced that it has been successful in obtaining an extension from the applicable Chinese governmental authority for meeting the registered capital requirement of its wholly owned subsidiary, Shaanxi Wellkan Resources Limited.
The press release is quoted as saying:
Under the extension granted, Shaanxi Wellkan does not need to meet its registered capital requirement until October 21, 2011. The People’s Republic of China (PRC) Ministry of Commerce requires certain registered capital requirements to be met by certain deadlines. These requirements are company specific, but are commonly applied in China to ensure companies operating there are properly capitalized. Currently, Shaanxi Wellkan has fully paid up registered capital requirements totaling RMB 27,356,700. Shaanxi Wellkan was required to have fully paid up registered capital of RMB 120,000,000 (approximately $21.5 million) by October 21, 2010; this deadline has now been extended to October 21, 2011.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1780.66 | -18.47 | |
Silver | 20.29 | -0.48 | |
Copper | 3.61 | -0.06 | |
Palladium | 2154.97 | -58.03 | |
Platinum | 938.50 | -22.50 | |
Oil | 88.79 | -3.30 | |
Heating Oil | 3.44 | -0.08 | |
Natural Gas | 8.72 | -0.05 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured {{ post.primary_section_name }} Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â