CCEC attracts private equity investment from China's Rongsheng
Oil and gas company Canada Capital Energy Corp (CCEC) recently secured an undisclosed private equity investment from Rongsheng Holding Group Co Ltd of Hangzhou, China. Rongsheng, which joins existing investor the ZhongRong Group, has also committed additional equity for follow-on investments in the company to support its growth through acquisitions and the organic development. Based in Calgary, CCEC is focused on light oil and liquids rich natural gas opportunities throughout the Western Canadian Sedimentary Basin. The company currently has large land holdings in southeast Saskatchewan.
7 January 2014•2 mins read
