January 15, 2010 (FinancialWire) — China Integrated Energy, Inc. (NASDAQ: CBEH) said it has reached separate agreements to acquire two gas stations located near the city of Xi’an, Shaanxi Province, PRC.

The company said it has acquired operating rights and leased all of the assets of Xi’an Huafu gas station for a total consideration of $3.8 million and will be operated under a 10-year lease.

China Integrated also acquired operating rights and leased all of the assets of Chang’an Lanlian gas station for a total consideration of $5.0 million and will be operated under a 15-year lease. The gas station distributes both gasoline and diesel, which includes blended biodiesel.

China Integrated Energy is engaged in the wholesale distribution of finished oil and heavy oil products, the production and sale of biodiesel, and the operation of retail gas stations in China.

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