PG MAX & CO, LLC, Orient Express & Co., Ltd., CHEN,HSUEH-NI, HSIAO, CHUNG-PIN, HSIAO, YU-CHIAO, HSU and CHENG-HSING completed the acquisition of 89% stake in Kreido Biofuels, Inc. from a group of sellers.
December 19, 2021
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PG MAX & CO, LLC, Orient Express & Co., Ltd., CHEN,HSUEH-NI, HSIAO, CHUNG-PIN, HSIAO, YU-CHIAO, HSU and CHENG-HSING agreed to acquire 89% stake in Kreido Biofuels, Inc. (OTCPK:KRBF) from a group of sellers for $0.42 million on December 14, 2021. Under the terms acquirers will acquire 13,099,243 shares. Chan Kwok Wai Davy, current Chief Executive Officer, Secretary, Chief Financial Officer and director, will resign as a director and officer of the Company, Messrs. Chung-Pin Hsiao and Cheng-Hsing Hsu and Yu-Chiano Hsiao will be appointed to the Company's Board of Directors. Chung-Pin Hsiao will be appointed as the Chief Executive Officer, Cheng-Hsing Hsu will be appointed Chief Financial Officer and Yu-Chiano Hsiao will be appointed Secretary of the Company. The resignation of the current officer and director, and the appointment to the Board of Directors and the appointment of officers will become effective on or about December 25, 2021, or at closing which ever is later.
PG MAX & CO, LLC, Orient Express & Co., Ltd., CHEN,HSUEH-NI, HSIAO, CHUNG-PIN, HSIAO, YU-CHIAO, HSU and CHENG-HSING completed the acquisition of 89% stake in Kreido Biofuels, Inc. (OTCPK:KRBF) from a group of sellers on December 20, 2021.
Namliong SkyCosmos Inc, formerly Kreido Biofuels, Inc, is a Taiwan-based company mainly engaged in providing renewable energy through its process intensification technology, the spinning-tube-in-tube (STT). The STT chemical process intensification system provides solutions to many of the manufacturing issues related to the production of chemicals. The Company has developed production units to manufacture biodiesel fuel based upon its STT technology. Its offerings include STT 30G biodiesel production unit, which is a complete, pipe-to-pipe biodiesel production system. In addition to its STT 30G, it also offers STT Reactor Systems and related plant engineering services for partnerships.
PG MAX & CO, LLC, Orient Express & Co., Ltd., CHEN,HSUEH-NI, HSIAO, CHUNG-PIN, HSIAO, YU-CHIAO, HSU and CHENG-HSING completed the acquisition of 89% stake in Kreido Biofuels, Inc. from a group of sellers.