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Article: GreenHunter Energy Announces Sale of Equity Ownership Interest in Chinese Wind Turbine Manufacturer for $9.1 Million.
- Article from:
- Energy Weekly News
- Article date:
- November 13, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GreenHunter Energy, Inc. (NYSE Amex: GRH), announced the execution and closing of a Share Purchase Agreement for the sale of GreenHunter's equity ownership interest in Guangdong MingYang Wind Power Technology Co., Ltd. ("MingYang"), a manufacturer of industrial scale wind turbines located in the People's Republic of China. GreenHunter acquired a minority equity ownership interest in MingYang in late 2007.
Pursuant to the terms of the Share Purchase Agreement, GreenHunter Energy, Inc. has transferred 100% ...
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