Biodiesel and Ethanol Investing

PR Newswire reports that China Integrated Energy has closed the sale of an additional 750,000 shares of common stock at the public offering price of $5.75 per share, in accordance with an over-allotment option. The exercise of the over-allotment option brings the total number of shares sold to 5,750,000. The total net proceeds of the public offering is approximately $31 million. China Integrated said the net proceeds will be used for the expansion of its biodiesel production capacity, wholesale distribution and retail gas station businesses, and for working capital and general corporate purposes.