Business
Energtek Discontinues Negotiations for Reverse Merger of Subsidiary with Public Company on Tel Aviv Stock Exchange
Energtek Discontinues Negotiations for Reverse Merger of Subsidiary with Public Company on Tel Aviv Stock Exchange.
About this update from Energtek Inc
[{"type":"text","content":"Energtek Inc., a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, today announced that the company has halted the performance of mutual due-diligence and the negotiations to merge its fully-owned Israeli subsidiary Energtek Products Ltd. with Biri Barashi Land Works, Development, Infrastructure & Roads Ltd., a public company on the Tel Aviv Stock Exchange (TLV: BIRI).About Energtek Energtek develops and applies innovative low-pressure mobile transportation solutions for industrial consumers and fleets of small vehicles. The company is also involved on oil and gas exploration in Israel. Energtek operates subsidiaries in North America, Europe, Asia and the Middle East. To learn more about Energtek, visit www.energtek.com Contacts:Investor [email protected] ","length":2818,"tagName":"div"}]