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China New Energy Ltd (CNEL)

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Monday 25 July, 2011

China New Energy Ltd

Result of AGM

RNS Number : 9721K
China New Energy Ltd
25 July 2011
 



25 July 2011

 

China New Energy Limited

("CNE" or "the Company")

 

Results of AGM

 

The Board of CNE (AIM:CNEL), the AIM quoted engineering and technology solutions provider to the bioenergy sector, announces that at the AGM held earlier today, all resolutions were duly passed.

 

For further information please visit www.chinanewenergy.co.uk or contact:

 

China New Energy Limited

 

Richard Bennett

 

+ 44 (0)20 7148 3148 or rbennett@zkty.com.cn

Cairn Financial Advisers LLP (Nominated Adviser)

Tel: 020 7148 7900

Jo Turner / Liam Murray               

 

 

SVS Securities plc (Broker)

Tel: 020 7638 5600

Alex Mattey / Ian Callaway

 

 

Walbrook PR Ltd (Financial Public Relations)

Tel: 020 7933 8780

Paul Cornelius

Mob: 07866 384 707 or paul.cornelius@walbrookpr.com

Jack Rich

Mob: 07584 391 303 or jack.rich@walbrookpr.com

 

 

About CNE

CNE is a technology, process and engineering solutions provider for bioethanol and biobutanol projects focusing predominantly on the construction of ethanol production plants. Through its wholly owned subsidiary, Guangdong Zhongke Tianyuan New Energy Science and Technology Co. Ltd ("ZKTY"), the Group provides process technology, engineering designs, plant manufacturing and operational services in connection with the production of fuel ethanol, edible ethanol, biobutanol, bioacetic acid and other chemicals from agricultural plant materials and waste.

 

ZKTY provides its services to primary producers and users of bioenergy and the Group's activities are principally based in China. However, it also provides services to overseas customers in areas including Romania, Taiwan, Russia, Thailand and Indonesia.

 

ZKTY has an established track record having advised on 88 projects globally with an aggregate production capacity of approximately 9.0 million tonnes per year and a total contract value of approximately RMB1.5 billion. ZKTY has proprietary and patented bioenergy technology, and maintains its own research and development laboratory to further develop its technology and patent portfolio.

 

CNE listed on AIM in May 2011, raising £655,201 at 7p per share. The market capitalisation of the Company at the Placing Price on Admission was £20.8m.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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