Las Vegas, NV -- (SBWIRE) -- 12/11/2013 -- Pan Global Corp (OTCMKTS:PGLO) declared that it concluded the First Tranche related to initial Closing of the acquisition of its shares. The company acquired 100% outstanding shares.
Pan Global purchased shares as well as convertible debt of Regency Yamuna Energy Limited. The closing date of acquisition was December 2, 2013. The company acquired 331,034 Common Shares of Indian company through its subsidiary Pan Asia Infratech, Corp.
The company says that the total common shares acquired till now are 620,690 Common Shares which make up 3.36% of total RYEL’s outstanding common shares.
Pan Global, Corp., previously Savvy Business Support, Inc. develops environmentally sustainable energy. The company focuses on and infrastructure projects and technologies. Pan incubates renewable energy technology. It is developing investment opportunities in India. The business operations of the company include Consulting Services and Greenhouse Operations.
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