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China, Beijing
Sinoenergy Corporation a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment, developer of CNG processing capabilities, and builder and operator of retail CNG filling stations in the People’s Republic of China, has signed an agreement to sell its ownership of Giant Power International, Limited (GPI’) to Greka SNU, Ltd. (Greka) for $10.68 million in cash. GPI is a Hong Kong based holding company that invests in CNG processing and wholesaling businesses located in China.
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