Sino Bioenergy Corp. (OTCPK:SFBE) signed a memorandum of understanding to acquire 51% in Noble Success Limited for $9 million in stock on April 11, 2013. As per the deal, Sino Bioenergy will issue 198.9 million new restricted shares as part of the consideration. The memorandum of understanding has term of 90 days allowing both sides to conduct due diligence and the usual corporate processes before entering into a sales and purchase contract. Dennis Burns of NVESTrain acted as public relation advisor to Sino Bioenergy Corp.

Sino Bioenergy Corp. (OTCPK:SFBE) cancelled the acquisition of 51% in Noble Success Limited effective November 24, 2013.