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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

xiangtian air power co ltd (GOAS) Snapshot

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08/29/14 - $4.06
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03/27/14 - $0.98
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xiangtian air power co ltd (GOAS) Details

Xiangtian (USA) Air Power Co., Ltd. does not have significant operations. It focuses on the acquisition of or merger with an existing company or companies in the green energy industry. The company was formerly known as Goa Sweet Tours, Ltd. and changed its name to Xiangtian (USA) Air Power Co., Ltd. in May 2012. Xiangtian (USA) Air Power Co., Ltd. was founded in 2008 and is based in Causeway Bay, Hong Kong.

xiangtian air power co ltd (GOAS) Top Compensated Officers

Chairman and General Manager
Total Annual Compensation: --
Vice General Manager and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

xiangtian air power co ltd (GOAS) Key Developments

Xiangtian (USA) Air Power Co., Ltd. Announces Management Changes

Xiangtian (USA) Air Power Co., Ltd. announced that on July 29, 2014, Mr. Zhou Deng Rong submitted a letter to the Board of Directors of the company resigning from the positions of Chief Executive Officer and Director, effective on such date. Mr. Zhou resigned due to uncertainty about a Chinese government investigation into an offering of securities to Chinese investors by an entity not affiliated with the company, but which securities were later exchanged for common stock of the Company in September 2013. On July 20, 2014, Mr. Zhou received a verbal summons from the Public Security Bureau for investigation assistance purposes and Mr. Zhou has been responding to questions by the authorities. Effective as of July 29, 2014, the Board appointed Mr. Zhiqi Zhang as the company's Chief Executive Officer, Roy Thomas Phillips as the company's Chief Operating Officer and Acting Chief Financial Officer and Zhou Jian, who has served as a Director since June 2012, as the Chairman of the Board of Directors. Mr. Zhang, age 50, has been an attorney with Heibei Jianan Law Firm that has served as outside general counsel since May 2013 and the outside general counsel of Sanhe City Lucksky Electrical Engineering Co., Ltd. since January 2014. Mr. Zhang has approximately 22 years' experience as an attorney in China. Mr. Phillips, age 45, has served as a consultant to an affiliate of LuckSky Holding (Group) Co. Ltd. since May 2013. From October 2009 to the present, Mr. Phillips directed the business development of clients who's operations were typically based in China and worked as a consultant to the U.S. Federal government in international development programs in S.E. Asia and Africa. Mr. Zhou, age 35, has served as a member of Board of Directors since June 2, 2012, as General Manager since May 15, 2012 and as the Executive Director of Sanhe since April 12, 2014. From January 2005 to the present, Mr. Zhou has been the Chief Financial Officer of Hong Kong Xiangtian International Investment Group Co., Ltd.

Kenne Ruan, CPA, P.C. Resigns as Xiangtian (USA) Air Power Co., Ltd.'s Registered Independent Public Accountant

On June 12, 2014, Kenne Ruan, CPA, P.C. resigned as Xiangtian (USA) Air Power Co., Ltd.'s registered independent public accountant, effective June 12, 2014. The decision to accept the resignation of Kenne Ruan, CPA, P.C. has been approved by the company's board of directors.

Xiangtian (USA) Air Power Co., Ltd. Announces Strategic Cooperation Agreement with Guangzhou Yongzhou Electronic Technology Co., Ltd

Guangzhou Yongzhou Electronic Science and Technology Co., Ltd. signed a strategic cooperation agreement on ‘natural energy power generation system’ with Xiangtian (USA) Air Power Company. This agreement will further the cooperation of the two companies in Guangzhou Province, China. The agreement provides for Yongzhou Electronic Technology Co., Ltd. to be in charge of coordinating the following, including but not limited to, approval, construction, land, financing and all other relevant matters pertaining to the use and deployment of Xiangtian's air power generation equipment throughout the province of Guangzhou. The agreement also calls for Guangzhou Yongzhou Electronic Technology Co., Ltd. to fully support the 'natural energy power generation system' project in Guangdong Province China, and provide capital and technical support for the project. The two sides reached a preliminary investment intention in Huizhou and Qingyuan City, Guangdong. The details of these two preliminary sites are still to be finalized.


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