30th Nov 2010 07:00
30 November 2010
FORTUNE OIL PLC
("Fortune Oil" or the "Company")
Completion of Acquisition of Everthriving Energy Technology
Further to the update issued on 14 October 2010, Fortune Oil is pleased to announce that the Joint Venture Agreement, Joint Venture Articles of Association and Share Subscription Agreement between Fortune Oil and Everthriving Investment Group with regards to the subscription for 65% of the issued share capital of Beijing Everthriving Energy Technology Co., Ltd have been approved by the relevant Chinese authorities.
For further details:
Fortune Oil PLC Tee Kiam Poon Premal Shah |
Tel: 00 852 2583 3125 Tel: 00 852 2583 3120 |
Pelham Bell Pottinger Archie Berens / Zoe Sanders |
Tel: 020 7861 3112 |
Related Shares:
FTO.L