Green Dragon Gas Ltd. (AIM:GDG) has completed concluded a comprehensive business review and is implementing a strategically focused growth plan to create value for its shareholders. At the end of strategic review Green Dragon Gas continues to divestiture of the ancillary businesses. To support its plan Green Dragon hired Morgan Stanley (NYSE:MS) to as financial advisor on the proposed sale of 29% stake in Beijing Huayou United Gas Development Co. Ltd. Randeep S. Grewal, Chief Executive Officer and Founder of Green Dragon, commented, "I started this venture in 1997 following an early entry into China in 1993. Through the evolution of time and some challenges, we have been steadfast in executing a logical progressive balanced plan that would reward the shareholders for their risks, patience and support. Initially the sole shareholder was our family estate and since August 2006 an increasing number of highly supportive institutions and individuals. The Board has continued its methodical leadership to retain and protect the shareholder value and management and employees have worked relentlessly to execute a niche business plan. We turned the corner from investing to be a sustainable business last year and will now focus on scaling it into a materially large self sustainable business over the next 15 months. We have reached the final stretch of the marathon; the finish line and the rewards are in sight. We are confident of our entitlement to the PSCs, comfortable with our production targets from drilling an additional 150 LiFaBriC wells, resolved in being a high growth E&P company focused on shareholder value. We plan on adding a Hong Kong Main Board listing that will serve to complement our existing and continued listing in London and our wider growing shareholder base."

Morgan Stanley Presents at 10th Annual Marine Money Istanbul Ship Finance Forum, May-22-2013 04:40 PM. Venue: The Swissotel-The Bosphorus, Istanbul, Turkey. Speakers: Fotis Giannakoulis, Vice President Research Equity.

Bankia, SA. (CATS:BKIA) (Bankia) is expecting to receive binding bids for Bankia Habitat S.L.U. (Bankia Habitat) next week, daily Expansion quoted unnamed sources as saying. The buyer will acquire Bankia Habitat’s offices in Madrid and Valencia, the technology platform and 500 employees. The real estate assets and loan portfolio will remain in the hands of Bankia. The potential buyers include Morgan Stanley (NYSE:MS), Cerebrus Capital Management, L.P., Fortress Investment Group LLC (NYSE:FIG), Apollo Group Inc. (NasdaqGS:APOL), Oaktree Capital Group, LLC (NYSE:OAK) and TPG Capital, L.P.