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| Share | December 11, 2008
Hot Stock Alert: LandStar Enters $290 Million Dollar Deal with International Leasing Company - (MobiWire) |
- Last Trade: $0.0006
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- Open: $0.0006
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- Volume: 2200000
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BEIJING - LandStar Inc. (OTC: LDSR) announced after the market close yesterday that it has just executed an agreement with Beijing New Century International Leasing Company to provide financing of $290 million dollars for Landstar's operating subsidiary; Hubei Chuguan Industry Co. Ltd.
Investor's are urged to watch for early movement with this stock as it should attract major interest from the investment community
Beijing New Century International Leasing Company (BNC) has been approved by the Chinese Ministry of Commerce and State Administration for Industry and Commerce and formally registered as a Sino-foreign joint venture leasing companies. BNC has two joint venture partners with which it works to fund major capital projects in China; Reid International Investment Funds Limited (United States) and China Communications Construction Corporation.
Under the terms of the cooperation agreement, BNC will provide funding for Hubei Chuguan to complete major contracts and offer lease options on the sale of its oil and gas vapor recovery systems to major clients. These include the largest players in China's oil and gas infrastructure, such as China National Petroleum Corporation and China Petroleum & Chemical Corp. (Sinopec).
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