Welcome to our dedicated page for New Asia Hldgs news (Ticker: NAHD), a resource for investors and traders seeking the latest updates and insights on New Asia Hldgs stock.
New Asia Holdings Inc. (NAHD) generates news that reflects its evolution from a neural trading model company into a holding company for energy and industrial IoT operations. Company announcements describe a major shift following the acquisition of Olenox Corp., a diversified energy company based in Texas, and Machfu Inc., a developer of industrial IoT software and hardware. As a result, NAHD news often covers developments in oil and gas production, energy services, energy technologies, and remote monitoring solutions.
Recent press releases highlight share exchange and acquisition transactions, such as New Asia’s acquisition of all outstanding shares of Olenox and its completion of an acquisition of Machfu Inc. These updates explain how Olenox became a wholly owned subsidiary and how Machfu’s cloud and edge software, Bluetooth IoT gateways, and sensor connectivity capabilities are being integrated into energy operations. News items also describe Olenox’s activities in Texas, Kansas, and Oklahoma, including oil and gas leases, service operations, and technology deployment in the field.
Other NAHD news focuses on asset acquisitions and operational milestones. Examples include the purchase of 162 miles of Texas pipeline designated as a public utility, with associated feeder wells and a large consumer customer, and Olenox Kansas being selected to operate 181 natural gas wells in the Bradshaw portion of the Giant Hugoton Field in Kansas. Company updates discuss plans to introduce modern pumping and monitoring technologies, as well as in-house monitoring tools, to increase efficiency, reduce costs, and support environmental protection in these assets.
Additionally, corporate updates address capital structure, public float requirements, and strategic direction, including a binding Letter of Intent under which Safe & Green Holdings Corp. announced plans to acquire New Asia Holdings Inc., Olenox, and Machfu. Investors and followers of NAHD news can use this page to review company communications on transactions, energy projects, IoT initiatives, and corporate developments described in official releases.
Safe & Green Holdings (NASDAQ: SGBX) has announced a binding Letter of Intent to acquire New Asia Holdings (OTCQB: NAHD), including its subsidiaries Olenox Corp and Machfu.com. Olenox operates in oil & gas production, energy services, and energy technologies, having increased production from 113 to projected 700 BOE/day through operational improvements.
Machfu.com, specializing in Industrial IoT, has deployed over 20,000 MachGateway® devices globally, enabling real-time analytics and operational efficiency. The combined entity will maintain Safe & Green's modular structures business while leveraging facilities like the Waldron facility in Durant, Oklahoma, for oil and gas operations.
As part of the transaction, Michael McLaren, CEO of Safe & Green and Olenox founder, will become Chairman, succeeding Paul Galvin who remains on the board. The merger aims to create operational efficiencies, expand market opportunities, and address SGBX's Nasdaq listing deficiency.
New Asia Holdings (NAHD) has completed the acquisition of Machfu Inc., entering the Industrial IoT market. The transaction involved exchanging all outstanding Machfu shares for approximately 35 million shares of NAHD common stock, making Machfu a wholly-owned subsidiary.
The acquisition aims to expand into the remote wellsite monitoring market, targeting both internal production assets and third-party service clients. The company plans to leverage Machfu's technology for low-producing wells, focusing on cost reduction through reduced operator visits, improved management, data control, and early fault detection. NAHD intends to aggressively market this technology in the Oil and Gas stripper well market, utilizing Olenox's service and technology expertise.
New Asia Holdings Inc (NAHD) provided a shareholder update highlighting several key developments. The company expects to complete consolidated audited financials by November end and has achieved the required 12.7% public float after being removed from OTCQB in August. Recent acquisitions include 162 miles of Texas pipeline with an existing agreement for 55,000 MCF monthly, and the operation of 181 natural gas wells in Kansas's Hugoton Field, with 32 wells already in production. The company is finalizing negotiations for 2 out of 4 potential acquisitions and advancing its downhole tooling technology, including Plasma pulse and ultra-sonic tools.
New Asia Holdings Inc./Olenox Corp. (OTCQB: NAHD) has acquired 162 miles of Texas pipeline from Taylor Consulting (OTC:TAYO) for $1,600,000, paid in 10,000,000 shares of NAHD common stock. The pipeline is designated as a public utility with associated feeder wells and a large consumer customer attached. This acquisition marks NAHD's entry into the midstream market, providing a cash-flowing asset.
CEO Michael McLaren stated that the company plans to re-establish take-off agreements and upgrade the pipeline in the coming months. NAHD will also implement its in-house monitoring technologies to increase field efficiencies, reduce costs, and enhance environmental protection during pipeline operations.
New Asia Holdings Inc./Olenox Corp. (OTCQB: NAHD) announces its subsidiary, Olenox Kansas, has been selected to operate 181 natural gas wells in the Bradshaw portion of the Giant Hugoton Field. The operations will cover 61,945 acres across Greeley and Hamilton Counties in Kansas. Olenox CEO Michael McLaren states they have completed agreements with the Kansas Commission and begun field operations. The company plans to introduce modern pumping and monitoring technologies to increase efficiencies, reduce costs, and enhance environmental protection.
Olenox Corp. is a diversified energy company with three business units: Oil and Gas, Energy Services, and Energy Technologies. The Oil and Gas division focuses on acquiring and optimizing underdeveloped assets in Texas, Kansas, and Oklahoma. Energy Services supports exploration and production efforts, while Energy Technologies provides R&D and existing technology to increase field production.
New Asia Holdings Inc (NAHD) has announced the closing of a Share Exchange Agreement with Olenox Corp. and Marble Trital Inc. Through this agreement, NAHD has acquired all issued and outstanding shares of Olenox Corp. in exchange for issuing approximately 224 million shares of NAHD common stock to Marble Trital Inc., the sole shareholder of Olenox. As a result of this transaction, Olenox has become a wholly owned subsidiary of NAHD. This acquisition marks a significant development for NAHD, as it has now acquired an operating business and assets, potentially impacting its market position and future operations.