BEC proposed the acquisition deal to the Vintage Holding Japan Co Ltd (VHJ) which has the full executive rights to the plant. If the process is successful, the parties expect to sign a definitive deal on or before June 30, 2018
Basic Energy Corporation has signed a term sheet for the proposed transaction with Vintage Holding Japan Co Ltd (VHJ) which has the full executive rights to the plant. BEC plans to acquire 10% stake in the project