2023-03-15 09:03:50 ET
- China New Energy Group ( OTCPK:CNER ) has announced the completion and execution of a share exchange agreement acquisition of and with Thrive Testing and BioSafety.
- The Company, combined, seeks to expand into the biosafety and related areas, now having material assets and material operations, thanks to the Thrive acquisition.
- The Co. announced it entered into a LOI to exchange shares with a private company called Thrive Testing and Biosafety, common stock of the Co. for ownership of Thrive, thus acquiring Thrive.
- At closing of the share exchange, Guy Zajonc and Michael Pfeffer have been appointed Directors and Officers of CNER. Both are founders of Thrive.
- Guy Zajonc will be appointed CEO and Michael President COO as officers of CNER.
For further details see:
China New Energy announces acquisition of Thrive Testing and Biosafety