Green Dragon Gas
Green Dragon is the parent company of Greka China, and is exclusively focused in gas industry in China. Green Dragon operates within China under its subsidiary Greka China Green Dragon is a gas supplier based in China with a focus on the production, development, production, distribution and sales of natural gas from coal seams, commonly known as coal bed methane or CBM.
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Green Dragon Gas raises US$9.62 mln in share offer
China-focused Green Dragon Gas Ltd said it raised a total of US$9.62 million at a price of US$3.68 per share from its current shareholders in the offer it announced last month.
Chairman and CEO Randeep Grewal subscribed US$3 million of the total amount raised which was the maximum per shareholder. He will be issued with 815,217 new shares.
In agreement with its bondholder, the company redeemed US$2.35 million of its outstanding convertible bonds and agreed to pay the balance outstanding of US$10 million on June 15 2009.
Green Dragon Gas said in February it was looking at raising up to a maximum of US$25 million in the offer.
Other Green Dragon Gas news
- Green Dragon’s Grewal speaks at prestigious Chinese conference
2011-08-31 - Green Dragon Gas chairman Grewal appointed to provincial gov't board in China
2011-08-03 - Green Dragon Gas says Chinese CBM contracts remain in ‘full force and effect’
2011-03-12 - Enter the Dragons: China's coal bed methane specialist prepares to do the splits
2011-02-16 - Green Dragon Gas to move ahead with Hong Kong IPO
2010-11-09
