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Gushan Acquires Land-Use Rights



By AP
19 February 2008 @ 10:27 am EST

NEW YORK - Gushan Environmental Energy Ltd., a Chinese biodiesel fuel producer, said Tuesday it agreed to acquire land-use rights in two regions in China.

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The company will construct biodiesel facilities in Chongqing and Hunan in China.

Gushan shares rose 16 cents, or 1.4 percent, to $11.66 in morning trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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