Scottsdale-based Paradise Ridge Hydrocarbons recently said its attempt to purchase Far East Ventures Holdings Ltd., which is based in Hong Kong and has a portfolio of high growth investments in South East Asia, is expected to be completed by the end of April.
When the deal is completed, Paradise Ridge Hydrocarbons, which is involved in natural gas production and distribution, will change its name to Far East Venture Holdings Ltd. and will submit an application for a new ticker symbol on Wall Street.
Paradise CEO David Naylor said he is pleased the deal is nearing completion and said the business of Far East is continuing to benefit from the gold price, which is maintaining a three year high.
Far East operates gold mines in Indonesia and plans to acquire more facilities in Indonesia and the Philippines in the second quarter of this year.
6619 N Scottsdale Rd
Scottsdale, AZ - 85250