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Petrox Resources Corp. to Acquire SSGE Bio-energy Company Limited for Bio-Coal Production Expansion

PRIVATEMay 24, 2024

Acquiring Company

Petrox Resources

Acquired Company

SSGE Bio-energy Company Limited

CalgaryKowloonEnergyOil And GasBiotechnologyEnergyRenewable EnergyBiomass EnergyBiofuel

Description

Petrox Resources Corp. has announced the proposed acquisition of SSGE Bio-energy Company Limited. The acquisition is intended to expand Petrox's presence in sustainable energy industry by incorporating SSGE's world-class Bio-Coal production and patented technologies.

Quick answer

Petrox Resources is acquiring SSGE Bio-energy Company Limited, announced May 24, 2024. Petrox Resources is based in Calgary, Alberta, Canada.

How much did Petrox Resources pay for SSGE Bio-energy Company Limited?
The deal value was not disclosed.
What does Petrox Resources do?
Petrox is a publicly traded Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin.
Where are Petrox Resources and SSGE Bio-energy Company Limited based?
Petrox Resources is based in Calgary, Alberta, Canada. SSGE Bio-energy Company Limited is based in Kowloon, Hong Kong, China.

Source: Fundz verified event record.

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Company Information

Company

Petrox Resources

Location

Calgary, Alberta, Canada

About

Petrox is a publicly traded Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. Petrox currently has a production property in Fletwode, Saskatchewan that produces approximately 17 bbls/d. The Common Shares of Petrox are listed and posted for trading on the TSX Venture Exchange.

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Frequently asked

Who acquired SSGE Bio-energy Company Limited?

SSGE Bio-energy Company Limited was acquired by Petrox Resources, based in Calgary. The deal was reported on May 24, 2024. Petrox is a publicly traded Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. Petrox Resources is privately held and operates in Energy.

When did Petrox Resources acquire SSGE Bio-energy Company Limited?

Petrox Resources's acquisition of SSGE Bio-energy Company Limited was reported on May 24, 2024. Petrox Resources Corp. has announced the proposed acquisition of SSGE Bio-energy Company Limited. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does SSGE Bio-energy Company Limited do?

SSGE Bio-energy Company Limited is a holding company based in Hong Kong with a wholly-owned operating subsidiary, SSBE Limited, which has developed one of the World's largest Bio-Coal production in Myanmar. It is privately held, operating in Biotechnology, and is based in Kowloon.

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