Sino Gas attracts NY backer for funding
Sino Gas & Energy has attracted financial backing from a New York-based institutional investor to fund its quest to develop unconventional gas resources in China.
Sino Gas & Energy has attracted financial backing from a New York-based institutional investor to fund its quest to develop unconventional gas resources in China.
SpringTree Special Opportunities Fund will sink up to $29.4 million into Sino Gas, involving an initial $1.2 million, then between $600,000 to $1.2 million approximately monthly to buy shares in Sino Gas over the next two years. The minimum investment will be $15 million.
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