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China Natural Gas, Inc. (CHNGQ)

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0.0163-0.0487 (-74.9231%)
As of 11:28AM EDT. Market open.
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  • A
    Anonymous
    Anonymous
    Now think about this just a little, revenge saeth the board buffoon? NEW YORK, Sept. 3, 2009 /PRNewswire-Asia/ -- China Natural Gas, Inc. ("China Natural Gas" or the "Company") (Nasdaq: CHNG), a leading provider of compressed natural gas (CNG) for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi'an, China, today announced that it has priced a public offering of 5,725,000 shares of its common stock, at $8.75 per share. The shares are being sold under the Company's previously filed shelf registration statement, which was declared effective by the Securities and Exchange Commission on August 20, 2009.
    Net proceeds, after underwriting discounts and commissions and expenses, will be approximately $47,339,063. China Natural Gas has granted the underwriters an option to purchase up to an additional 858,750 shares to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on Wednesday, September 9, 2009.
    The net proceeds from the offering will be used for the construction of the Company's liquefied natural gas (LNG) facility, the acquisition of eight CNG fueling stations, the purchase of eight CNG trucks to transport CNG and the establishment of a joint venture company with China National Petroleum Corporation Kunlun Natural Gas Co., Ltd., as well as for general working capital purposes.
  • A
    Anonymous
    Anonymous
    The Fast-Times loan company that tried to force an involuntary CH-11 on CHNG failed. For some reason of either bribery or incompetence the BK Judge moved the petition to a CH-7 Liquidation. There are approx 10 separate "subsidiary" companies scattered across three different Red Provinces in the PRC, and the NY District BK Court has zero authority in any PRC province to "seize & liquidate" anything. My guess: The CH-7 will be dropped or the CH-7 Trustee has a bid for the entire consolidation that will be announced soon. That is my surmise of what is about to take place. Important to remember this, "Fast-Times Don" (Wharton-boy, Merrill-boy) could not collect his loan in the PRC! And what does that tell you about the price of "tea" (wink-wink) in the PRC?
  • A
    Anonymous
    Anonymous
    The Trustee in Ch 7 for your reference: ALAN NISSELSON, as Chapter 7 Trustee of the Estate of China Natural Gas, Inc.
  • A
    Anonymous
    Anonymous
    A listing of the separate subsidiaries taken from an SEC 10-k. accounts of China Natural Gas, Inc. and subsidiaries and VIE. Our subsidiaries are: Xilan Energy Co. Ltd. (“XEC”), Shaanxi Xilan Natural Gas Equipment Co. Ltd (“SXNGE”), Hubei Xian Natural Gas Co., Ltd (“HBXNG”), Lingbao Yuxi Natural Gas Co. Ltd. (“LYNG”), Shaanxi Jingbian Liquefied Natural Gas Co. Ltd (“JBLNG”), Henan Xilan Natural Gas Co. Ltd (“HXNGC”), Xi’an Xilan Auto Body Shop Co, Ltd. (“XXABC”), Henan CNPC Kunlun Xilan Compressed Natural Gas Co., Ltd (“JV”), Hanchuan Makou Yuntong Compressed Natural Gas Co., Ltd (“Makou”) and Xiantao City Jinhua Gas And Oil Co., Ltd. (“XTJH”). obviously prior to the jingbian lng plant
  • J
    Jessica
    Jessica
    RobertS is an obtuse buffoon.
  • M
    M guy
    M guy
    They are doing great in multiple provinces in China, someone tried to manipulate the stock price for sure.
    you can Baidu search their hiring information and you will see for yourself.
    They try to withdraw from US stock market(market cap less than $500,000) and IPO on Chinese Market, I really don't know how could do it without another lawsuit?
  • A
    Anonymous
    Anonymous
    Bland, bland, and bland.
  • A
    Anonymous
    Anonymous
    And... just where is the Trustee in Bk? The BK actions were held in suspense while the class action attorneys bled the corpse for all they could steal. And now?
  • A
    Anonymous
    Anonymous
    The current Chinese interest rate PBC (base rate) is 4.350 %
  • A
    Anonymous
    Anonymous
    the median EV/EBITDA multiple hit 10.8x in 1Q 2017, up from 10.7x last year. That was the highest median multiple paid since the financial crisis.
  • A
    Anonymous
    Anonymous
    see ending date of 6/10/17 for law suits.
  • A
    Anonymous
    Anonymous
    Xi’an Xilan Natural Gas Co., Ltd
    19th Floor, Building B, Van Metropolis Tang Yan, Road, , Hi-Tech Zone Xian,710065, Shaanxi Province
    China
    Tel: 86-29-8832 3325
    Fax: 86-29-8831 9221
  • A
    Anonymous
    Anonymous
    I decided to pick up a few shares today. Funny feeling about current events.
  • R
    RobertS
    RobertS
    oh boy
    A couple of $100s bought
  • A
    Anonymous
    Anonymous
    Quite a few shares "traded" today. Who would sell this asset at this point in time?
  • R
    RobertS
    RobertS
    with average volume just a couple of $100s a day worth of stock there is no indication what more than this amount would be worth
    for me ,trading cost to high
  • R
    RobertS
    RobertS
    oh boy some body buying $100 worth of stock or less
    their commission must be lower than mine,both buyer and seller
  • R
    RobertS
    RobertS
    For those in law suit
    Would expect money next year
    They have gone over most filings and reported to them,ones filled
    Allowing for appeals before dividing up
  • A
    Anonymous
    Anonymous

    Info for $CHNGQ on http://otc.report/?s=CHNGQ

  • A
    Anonymous
    Anonymous