Was it a strategic move to try and protect assets from GE.. ?
May 2012 - Head Dragon Agrees to transfer 100% shareholdings of Liaoning Gaoke to Asia New Energy Group for only $9 million dollars U.S.
Asia New Energy Group is a HK company with same address as Easy Flow Limited ( a Main Subsidiary of A-Power Energy. Up until Jan 2009 Lu owned 90% of ANE and Lin owned 10%.
Jan 9 2009 - LU transferred all their shareholdings of ANE to a Samoan Co. called Mariston International Limited incorporated in Auguilla and a company called New Rise Limited was appointed corporate director of ANE
The real question is why would LU sell Gaoke Assets for only $9 million dollars?
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