The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Mr. Li Guangming, Chairman of China Chemical Engineering Eleventh Construction Co., Ltd. visited our company
On February 21, 2023, Mr. Li Guangming, Secretary of the Party Committee and Chairman of China Chemical Engineering Eleventh Construction Co., Ltd., and his party visited our company Guangdong Zhongke Tianyuan New Energy Technology Co., Ltd. and the Guangzhou Institute of Energy Research, Chinese Academy of Sciences.
Mr. Yu Weijun, chairman of our company, extended a warm welcome to the arrival of Mr. Li Guangming and his party. The two sides conducted in-depth exchanges on further deepening cooperation and other matters.
At the meeting, Mr. Yu Weijun introduced the development plan and research results of our company and the Guangzhou Energy Research Institute. He hoped that the two parties would deepen cooperation in the general contracting construction and industry of new energy, new materials, medicine and other businesses, and give full play to their respective advantages , to achieve mutual benefit.
Mr. Li Guangming introduced the history, operation and development plan of Eleven Chemical Construction Company. He said that in recent years, as the "vanguard" in the field of China's chemical industry engineering construction, Eleven Chemical Construction has been committed to intensively cultivating the main chemical industry, constantly innovating technology with refined management, and achieving diversified development. It can provide investment, financing, design, We are willing to carry out deeper cooperation and joint development with our company and the Guangzhou Institute of Energy Research of the Chinese Academy of Sciences to achieve a new win-win cooperation situation.
The cooperation between Zhongke Tianyuan and Eleven Chemicals in the COFCO industrial alcohol project in Anhui has achieved results, and the large-scale hoisting construction of the 300,000-ton industrial alcohol project has been completed.
China National Chemical Engineering Eleventh Construction Co., Ltd. (ELECO) was established in 1962. It is a wholly-owned subsidiary of China National Chemical Engineering Corporation (CNCEC) (stock code: China Chemical 601117) managed by the State-owned Assets Supervision and Administration Commission of the State Council. The registered capital is 1 billion yuan.
I am guessing they needed a majority shareholding in a company e.g. Sentiance. This is one of the things which prevented Mesh from listing on the FTSE. So that majority holding has yet to be finalised due to delays in the agreement between Sentiance and AAQUA. Just speculation.
In which case, I would buy some...
I wonder whether Nick Candy's Audioboom share tie up is part of the jigsaw ?
https://www.lse.co.uk/rns/BOOM/pdmrpca-dealing-2ffxh57al6ampt2.html
Perhaps something to do with AAQUA?
https://www.londonstockexchange.com/news-article/market-news/company-update/15387665
Bingo!
Just seen this....there is no data...but is this related to the listing?
https://www.nasdaq.com/market-activity/stocks/aascf
Hopefully there will also be some news soon on AAQUA and its roll out.
No problem. Must admit the list didn't exactly roll off the tongue, so to say....had to do a bit of digging and cross checking. Let's hope that 2022 is a AAA+ year!
Mercom oil sands (MMO) 2012-2016
Mercom Capital (MCC) 2016-2017
Monchhichi (MCC) 2017-2018
High Growth Capital (HASH) 2018-2019
Mesh 2019-2021
AAA 2021….!
Indeed, whats another 2 weeks in the scheme of things. I just checked and found that my shares originate from 2012.... Mercom Oil Sands....!
Looks like they have the logo sorted..https://aaqua.live/
I guess Robert Bonnier is stepping down to devote his time to AAQUA...
At least we know the deal is still live...https://www.londonstockexchange.com/news-article/market-news/aaa-audioboom-offer-update-letters-of-intent/15131299
According to an RNS in July, the AAA Sentiance aquisition is to be completed on or before Aug 10th. That will be a watershed event. Fingers crossed.
If MESH have 500 million AAA shares and using the current AAA placing price of 80p that is equivalent to £400 million. Or am I missing something?
In case anyone has missed it...
https://www.lse.co.uk/rns/AAA/proposed-placing-proposed-acquisition-and-update-n5kr46ufi10x5zr.html
This is interesting.... "AAA is proposing to allot and issue 500 million new AAA ordinary shares ('the Consideration Shares') to MESH or as MESH directs. " Does this mean approx 2 AAA shares for 1 Mesh?...or something else?