Puda Coal Announces Signing Agreements to Acquire Three Coal Mines Under Jianhe Project
Investing News Network - April 7th, 2011
Puda Coal, Inc. (AMEX:PUDA) announced that its 90% subsidiary has entered into agreements to acquire three coal mines.
Puda Coal, Inc. (AMEX:PUDA) announced that its 90% subsidiary has entered into agreements to acquire three coal mines.
The press release is quoted as saying:
Under each agreement, Shanxi Coal agreed to pay 90% of the purchase price within five days of signing and the remaining 10% of the purchase price three months after the signing if Shanxi Coal confirms there is no claim against respective seller with respect to the transferred assets.