GREY:XEBEQ - Post by User
Comment by
Ciaoon Nov 12, 2020 8:55am
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Post# 31883896
RE:Nice
RE:NiceKey takeaways;
As a result of the new policy, additional applications are expected to open up, such as hydrogen refueling infrastructure and de-centralized hydrogen production where Xebecs technology will be needed. Shenergy in effect has converted the debt Xebec owed to Shanghai Chengyi New Energy Venture Capital Co., Shenergys financial services subsidiary, into a direct strategic investment of equity. Consideration of approximately $1.7M will be paid for the outstanding interest owed by Xebec, and the $3.4M of long-term debt will be moved into the equity section of Xebecs balance sheet. Following the transaction, Xebec will own 60% of the Sino-Joint Venture with 35% belonging to Shenergy and 5% to a management incentive pool.
When the government makes a committment, they go in big, ie. look how quickly they built high speed rail lines