Irvine, California - China Electronics Holding Inc. (CEHD) (OTCPINK: CEHD) announced today that its wholly owned subsidiary has executed a definitive Acquisition and Plan of Merger Agreement (the Merger Agreement) with Messaben DWC LLC, a Dubai limited liability company (Messaben).The closing of the Merger Agreement occurred 31st Dec 2021 and the same has been submitted to FINRA earlier which came back with no comments. Upon closing, Messaben and its related business operations and assets, will continue as a wholly owned subsidiary of CEHD, and its mainstream of operations will be adopted and shall become CEHDs focus.
It is concluded that CEHDs company name will be changed very soon to reflect the business line and directives of the new owners.
Messaben is a diversified portfolio of segments investing in technologies and services that reduces the impact of environmental pollution and carbon footprint, by that Providing economical technologies for produced water Treatment & Reuse, and downhole intervention products for geothermal, mining and oil & gas. Further, Messaben has expanded through its exciting partnerships who have niche patented technologies into drilling intervention and produced water treatment, and we note that the business plan has milestones to expand into other related sectors though continuous acquisitions. CEHD mainstream of business will be Messabens operations.
Our vision is to create an end-to-end solutions for water sustainability and reuse, improve the social, economic, and environmental wellbeing of our community and address water scarcity globally, thus, addressing food & water security. We do have the required technologies and we will search and foster technological partnerships that will enhance our local economy using environmental improvements.
Todays announcement is the beginning of a long-line of future developments which will enable us to develop and deliver world-class services to our customers throughout the United States and around the world, said Rami Bakir, CEO of CEHD. Mr. Bakir continued saying the completion of the merger with CEHD provides Messaben with a public platform to continue the aggressive business plan carefully designed in addition to the growth strategy that will be implemented, in addition to providing our shareholders with enhanced liquidity and value.
CEHD/Messaben strongly cautions investors who may seek to acquire stock in the company in reliance of the Merger Agreement described herein that the Merger Agreement contains material parameters yet to be crystalized and completed within the first year, and, as such, there can be no assurance that such material will be satisfactory to any investor to reply upon in making a decision.
About:
Messaben through its CEHD Public existence currently is intending to expand aggressively to become a leading provider of water treatment solutions on a global level. With a powerful array of network contacts and resources that include most major Oil& Gas companies in addition to VIP individuals in the business world that represent the accumulation of +27 years of executive level services, Messaben believes it will become a leading provider of produced water treatment solutions and services.
Messaben/CEHD is developing an ambitious and smooth flowing business plan of acquisitions that will be marketed under its brands/ acquired brands. For more information about Messaben products and services please visit our website at
https://messaben.com/
DISCLAIMER:
Merger Documents and Forward-Looking Statements and Assumptions:
The statements in this press release regarding any implied or perceived benefits from the Merger between Messaben and CEHD, as well as plans to continue as a leading provider of water treatment, water solutions and other services mentioned, and any other effects resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, our ability to complete the merger in its current format, nor represents a status that can be relied upon to make investments in the company or assumptions to rely upon when investing in our stocks, the continued ownership and operation of Messaben/CEHD and its community of services, and any other difficulties related to risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage and continue our growth.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
It is concluded that CEHDs company name will be changed very soon to reflect the business line and directives of the new owners.
Messaben is a diversified portfolio of segments investing in technologies and services that reduces the impact of environmental pollution and carbon footprint, by that Providing economical technologies for produced water Treatment & Reuse, and downhole intervention products for geothermal, mining and oil & gas. Further, Messaben has expanded through its exciting partnerships who have niche patented technologies into drilling intervention and produced water treatment, and we note that the business plan has milestones to expand into other related sectors though continuous acquisitions. CEHD mainstream of business will be Messabens operations.
Our vision is to create an end-to-end solutions for water sustainability and reuse, improve the social, economic, and environmental wellbeing of our community and address water scarcity globally, thus, addressing food & water security. We do have the required technologies and we will search and foster technological partnerships that will enhance our local economy using environmental improvements.
Todays announcement is the beginning of a long-line of future developments which will enable us to develop and deliver world-class services to our customers throughout the United States and around the world, said Rami Bakir, CEO of CEHD. Mr. Bakir continued saying the completion of the merger with CEHD provides Messaben with a public platform to continue the aggressive business plan carefully designed in addition to the growth strategy that will be implemented, in addition to providing our shareholders with enhanced liquidity and value.
CEHD/Messaben strongly cautions investors who may seek to acquire stock in the company in reliance of the Merger Agreement described herein that the Merger Agreement contains material parameters yet to be crystalized and completed within the first year, and, as such, there can be no assurance that such material will be satisfactory to any investor to reply upon in making a decision.
About:
Messaben through its CEHD Public existence currently is intending to expand aggressively to become a leading provider of water treatment solutions on a global level. With a powerful array of network contacts and resources that include most major Oil& Gas companies in addition to VIP individuals in the business world that represent the accumulation of +27 years of executive level services, Messaben believes it will become a leading provider of produced water treatment solutions and services.
Messaben/CEHD is developing an ambitious and smooth flowing business plan of acquisitions that will be marketed under its brands/ acquired brands. For more information about Messaben products and services please visit our website at
https://messaben.com/
DISCLAIMER:
Merger Documents and Forward-Looking Statements and Assumptions:
The statements in this press release regarding any implied or perceived benefits from the Merger between Messaben and CEHD, as well as plans to continue as a leading provider of water treatment, water solutions and other services mentioned, and any other effects resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, our ability to complete the merger in its current format, nor represents a status that can be relied upon to make investments in the company or assumptions to rely upon when investing in our stocks, the continued ownership and operation of Messaben/CEHD and its community of services, and any other difficulties related to risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage and continue our growth.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
