DGAP-News: Curcas Oil N.V.: Curcas Oil Philippines Inc. increases company stake and forces overhaul
(firmenpresse) - DGAP-News: Curcas Oil N.V. / Key word(s): Miscellaneous
Curcas Oil N.V.: Curcas Oil Philippines Inc. increases company stake
and forces overhaul
09.05.2011 / 14:05
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Amsterdam, Netherlands, May 9th, 2011 - Curcas Oil Philippines Inc. has
increased its stake in the company from 60 % to 90 % and further steps
regarding the optimization of the operational business have been initiated.
As a result, a new general manager for General Santos has been installed
per April 1st, 2011, for the purpose of reorganizing the agricultural
business division, production and logistics under his direction.
It has come to light that two of the Philippine directors and some of their
direct employees have been involved in business procedures that have harmed
the company, both directors and their direct employees have been made
redundant. A routine control detected that various facilities and equipment
have been stolen. At the moment police investigations have been started and
Curcas Oil Philippines Inc. will take legal action against the defendants.
The damage amounts has been estimated at approx. EUR 100,000 currently.
About Curcas Oil N.V.
Curcas Oil N.V. is a producer of Jatropha Crude Oil. With its subsidiaries
Alternative Energy Manufacturing Ltd. (Thailand), Curcas Oil Philippines
Inc. (Philippines) and PT Pengembangan Jarak (Indonesia), Curcas Oil N.V.
cultivates Jatropha Curcas plants for the production of Jatropha Crude Oil
in a sustainable and responsible manner.
Curcas Oil N.V.
Haaksbergweg 71
1101 BR Amsterdam
The Netherlands
Tel. +31 20 312 1212
info(at)curcas-oil.com
www.curcas-oil.com
End of Corporate News
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09.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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123604 09.05.2011
Datum: 09.05.2011 - 14:05 Uhr
Sprache: Deutsch
News-ID 33996
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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