China Bio Energy to acquire gas stations in Xi'an

China Bio Energy Holding Group Co., Ltd., a manufacturer and distributor of biodiesel and petroleum-related products, entered into an agreement to acquire, through a 30-year lease, all of the assets of a gas station located in the city of Xi’an, Shaanxi Province, for US$2.6 million. The gas station distributes both gasoline and diesel fuel, including biodiesel. (July 23, 2009)