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

American Wealth Mining Corporation has entered into a term sheet with Lik Fong HK Limited to purchase a 10% ownership stake in New Energy Asia Pacific Company Limited, a Hong Kong distributor of electric construction vehicles.

- Type: Acquisition
- Announced: 2022-09-09
- 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

- [newelectriccv.com](https://www.newelectriccv.com/post/sign-agreement-to-acquire-10-stake-in-electric-construction-vehicle-distributor-service-provider), 2022-09-08: "American Wealth Mining Corporation (OTC:HIPH) ("AWM" or the "Company”) is pleased to announce that it has entered into a term sheet with Lik Fong HK Limited (“LFHK”) for the proposed purchase of ten percent (10%) ownership in New Energy Asia Pacific Company Limited (“New Energy”), a Hong Kong corpor"

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