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Greenergy Holdings approves the subscription by Agrinurture of Green Shares and investment in Isabela Alcogas Corporation

During the meeting of the Board of Directors ("Board”) of Greenergy Holdings Incorporated (the "Corporation”) held on June 30, 2012, the Board passed and approved the following:
  1. Subscription by Agrinurture, Inc. to P25 million worth of shares of the Corporation at par value of P0.01 per share, equivalent to 2.5 billion shares, with authority for the Corporation’s Chairman or the President and CEO to finalize the terms and conditions thereof and sign the agreement/s and documents relating thereto.
  2. Investment in Isabela Alcogas Corporation by subscribing to P25 million worth of shares with authority to make advances up to P50 million and authorizing the Corporation’s Chairman or the President and CEO to finalize the terms and conditions thereof and sign the agreement/s and documents relating thereto.
Isabela Alcogas Corporation is a domestic company with the primary purpose of engaging in the business of manufacturing and trading of goods such as ethanol and other biofuels.
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"Greenergy Holdings approves the subscription by Agrinurture of Green Shares and investment in Isabela Alcogas Corporation" was written by Mary under the Business category. It has been read 1787 times and generated 0 comments. The article was created on and updated on 02 July 2012.
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