Welcome to our dedicated page for New Asia Hldgs news (Ticker: NAHD), a resource for investors and traders seeking the latest updates and insights on New Asia Hldgs stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect New Asia Hldgs's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of New Asia Hldgs's position in the market.
Safe & Green Holdings (NASDAQ: SGBX) has announced a binding Letter of Intent to acquire New Asia Holdings (OTCQB: NAHD), including its subsidiaries Olenox Corp and Machfu.com. Olenox operates in oil & gas production, energy services, and energy technologies, having increased production from 113 to projected 700 BOE/day through operational improvements.
Machfu.com, specializing in Industrial IoT, has deployed over 20,000 MachGateway® devices globally, enabling real-time analytics and operational efficiency. The combined entity will maintain Safe & Green's modular structures business while leveraging facilities like the Waldron facility in Durant, Oklahoma, for oil and gas operations.
As part of the transaction, Michael McLaren, CEO of Safe & Green and Olenox founder, will become Chairman, succeeding Paul Galvin who remains on the board. The merger aims to create operational efficiencies, expand market opportunities, and address SGBX's Nasdaq listing deficiency.
New Asia Holdings (NAHD) has completed the acquisition of Machfu Inc., entering the Industrial IoT market. The transaction involved exchanging all outstanding Machfu shares for approximately 35 million shares of NAHD common stock, making Machfu a wholly-owned subsidiary.
The acquisition aims to expand into the remote wellsite monitoring market, targeting both internal production assets and third-party service clients. The company plans to leverage Machfu's technology for low-producing wells, focusing on cost reduction through reduced operator visits, improved management, data control, and early fault detection. NAHD intends to aggressively market this technology in the Oil and Gas stripper well market, utilizing Olenox's service and technology expertise.
New Asia Holdings Inc (NAHD) provided a shareholder update highlighting several key developments. The company expects to complete consolidated audited financials by November end and has achieved the required 12.7% public float after being removed from OTCQB in August. Recent acquisitions include 162 miles of Texas pipeline with an existing agreement for 55,000 MCF monthly, and the operation of 181 natural gas wells in Kansas's Hugoton Field, with 32 wells already in production. The company is finalizing negotiations for 2 out of 4 potential acquisitions and advancing its downhole tooling technology, including Plasma pulse and ultra-sonic tools.
New Asia Holdings Inc./Olenox Corp. (OTCQB: NAHD) has acquired 162 miles of Texas pipeline from Taylor Consulting (OTC:TAYO) for $1,600,000, paid in 10,000,000 shares of NAHD common stock. The pipeline is designated as a public utility with associated feeder wells and a large consumer customer attached. This acquisition marks NAHD's entry into the midstream market, providing a cash-flowing asset.
CEO Michael McLaren stated that the company plans to re-establish take-off agreements and upgrade the pipeline in the coming months. NAHD will also implement its in-house monitoring technologies to increase field efficiencies, reduce costs, and enhance environmental protection during pipeline operations.
New Asia Holdings Inc./Olenox Corp. (OTCQB: NAHD) announces its subsidiary, Olenox Kansas, has been selected to operate 181 natural gas wells in the Bradshaw portion of the Giant Hugoton Field. The operations will cover 61,945 acres across Greeley and Hamilton Counties in Kansas. Olenox CEO Michael McLaren states they have completed agreements with the Kansas Commission and begun field operations. The company plans to introduce modern pumping and monitoring technologies to increase efficiencies, reduce costs, and enhance environmental protection.
Olenox Corp. is a diversified energy company with three business units: Oil and Gas, Energy Services, and Energy Technologies. The Oil and Gas division focuses on acquiring and optimizing underdeveloped assets in Texas, Kansas, and Oklahoma. Energy Services supports exploration and production efforts, while Energy Technologies provides R&D and existing technology to increase field production.
New Asia Holdings Inc (NAHD) has announced the closing of a Share Exchange Agreement with Olenox Corp. and Marble Trital Inc. Through this agreement, NAHD has acquired all issued and outstanding shares of Olenox Corp. in exchange for issuing approximately 224 million shares of NAHD common stock to Marble Trital Inc., the sole shareholder of Olenox. As a result of this transaction, Olenox has become a wholly owned subsidiary of NAHD. This acquisition marks a significant development for NAHD, as it has now acquired an operating business and assets, potentially impacting its market position and future operations.
FAQ
What is the current stock price of New Asia Hldgs (NAHD)?
What is the market cap of New Asia Hldgs (NAHD)?
