From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

F40 China New Energy – MOUs with Sunbird, but who/what is it, and is it Placing ahoy?

By Nigel Somerville, the Deputy Sheriff of AIM | Sunday 6 December 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


ShareProphets AIM-China Filthy Forty outfit China New Energy (CNEL) announced a memorandum of understanding with Sunbird Bioenergy Africa Limited on Friday, in relation to projects in Zimbabwe and Zambia. It also announced that the signing of any binding agreement would be treated as a Related Party Transaction since Mr Richard Bennett, China New’s sole independent NED (see HERE) is a director of Sunbird. I’ve already discussed the potential corporate governance Red Flag that I see from that (HERE) but what or who is “Sunbird Bioenergy Africa Limited”? 


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

PICH

Pitch Pit – this stinks

 

GEX

Georgina Energy: Lyin’ Yet again

Time left: 07:48:48