Naz News, Gappers and FLE's

[sludgehound]

SCOK jumps 21.7%, name chg & sym too

02:26 PM EDT, 07/14/2014 (MT Newswires) -- SinoCoking (SCOK), a vertically-integrated coal and coke processor, said it intends to change its name to Clean Synthetic Technologies Corp. Shares rose more than 21%.
The company said the change reflects a new emphasis on large-scale production of clean-burning synthetic gas and other clean energy products. The company said it would also change its stock trading symbol on Nasdaq.
SinoCoking is currently building a plant for the conversion of carbon dioxide into synthetic gas, a fuel utilized to produce fertilizers, solvents and other industrial products. The facility, set to begin operations in the fourth quarter, will produce as much as 25,000 cubic meters of syngas per hour, SinoCoking said.
In afternoon trade, SCOK was up to $1.90.
Price: 1.90, Change: +0.34, Percent Change: +21.79
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