Primeline’s Shareholders Elated with Arbitration Settlement

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Halleluiah! Yesterday Primeline (PEH) released the outcome of a long and arduous arbitration that gave PEH full pricing for their take-or-pay gas sales to Zhejiang Gas up to December 31, 2016. Thereafter, to the end of their contract with Zhejiang Gas spanning 12 years, a slight discount was negotiated. With the $49 million windfall, Primeline can now concentrate on growing the business. Now Primeline can concentrate on growing their business. Congratulations Dr. Ming Wang for this outstanding resolution. Click here for latest news release.
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