Royal Wins Corporation Announces Completion of Offer to Acquire Shares of Royal Wins Pty Ltd.
Royal Wins Corp. or the
Company ) is pleased to announce that it has acquired 142,085,336 ordinary shares of Royal Wins PTY Ltd. (
Royal Wins PTY ) under the terms of its previously announced take-over offer (See press release dated March 1, 2021). This represents 94.07% of the total issued and outstanding shares of Royal Wins PTY and as such, the Company will commence the process of compulsory acquisition in Australia which, on completion, will result in Royal Wins PTY being a wholly owned subsidiary of Royal Wins Corporation.
On March 1, 2021, Royal Wins Corp. (then 10557510 Canada Corp.) formally lodged an offer to acquire all issued and outstanding shares of Royal Wins PTY (the
Press release content from NewMediaWire. The AP news staff was not involved in its creation.
Tecogen Reports 2020 Results
Tecogen IncMarch 11, 2021 GMT
Waltham, MA - ( NewMediaWire ) - March 11, 2021 - Tecogen Inc. (OTCQX:TGEN, the “Company”), a leading manufacturer of clean energy products, reported revenues of $28.3 million for the year ended December 31, 2020 compared to $33.4 million for 2019, a 15.5% decrease. All segments were adversely impacted by business interruptions resulting from the COVID-19 pandemic. Product revenues decreased to $10.5 million in 2020 from $13.0 million in 2019, and service revenues were $15.9 million in 2020 compared to $17.3 million for the same period in 2019 due to a decline in installation activity. Energy Production revenue decreased to $1.8 million in 2020 from $3.1 million in 2019.
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