CEFC Intl

CEFC Intl: Co recently changed its name (now China Energy Force Corporation) from Sun East and also its business to the trading of petrochemicals and fuel. So far co has not acquired or propose to acquire any business yet and as of 6 Aug had negative equity of $4.9m. Effectively a bankrupt co. However it might be used as a backdoor listing through a reverse takeover. Given the official name change and business change, something might be brewing. Normally in an RTO, existing sh/h are massively diluted although they may obtain some value esp in cases where the net book value or equity is already negative.