# American Wealth Mining to acquire 10% stake in New Energy Asia Pacific

American Wealth Mining Corp. signed a term sheet to purchase a 10% ownership in New Energy Asia Pacific Company Limited, a Hong Kong distributor of electric construction vehicles.

- Type: Acquisition
- Announced: 2018-05-25
- Where: Hong Kong, Hong Kong SAR China
- Status: announced
- Products: electric construction vehicles, electric wheel loaders, electric excavators, electric mixers, electric dump trucks
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [American Wealth Mining Corp.](https://endata.com/companies/32146.md) (acquirer)
- [New Energy Asia Pacific Company Limited](https://endata.com/companies/32147.md) (target)
- [Lik Fong HK Limited](https://endata.com/companies/32148.md) (partner)

## Sources

- [business.sherbrookerecord.com](https://business.sherbrookerecord.com/sherbrookerecord/article/newmediawire-2022-9-9-american-wealth-mining-corp-signs-agreement-to-acquire-10-stake-in-electric-construction-vehicle-distributor-and-service-provider), 2018-05-25: "American Wealth Mining Corporation is pleased to announce that it has entered into a term sheet with Lik Fong HK Limited for the proposed purchase of ten percent ownership in New Energy Asia Pacific Company Limited."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.