Bio-En Corp. entered into a merger agreement to acquire Bio-En Holdings Corp. from Genesyst International Inc., Applied Bio-Fuels Limited and other shareholders in a reverse merger transaction on August 21, 2014. Under the terms of the agreement, 28.98 million shares of Bio-En Holdings Corp. will be issued. Each issued and outstanding share of common stock of Bio En Corp. will be converted into one share of Bio-En Holdings Corp. The deal is subject to approval from the Government and the shareholders of Bio-En Holdings and Bio-En Corp. The deal was approved from Boards of Directors of Bio-En Holdings and Bio-En Corp. Gregg Jaclin of Szaferman Lakind Blumstein & Blader, PC acted as the legal advisor for Bio-En Holdings Corp. and Bruce W. Minsky of Law Offices of Bruce W. Minsky, P.C. acted as the legal advisor for Bio-En Corp.


Bio-En Corp. completed the acquisition of Bio-En Holdings Corp. from Genesyst International Inc., Applied Bio-Fuels Limited and other shareholders in a reverse merger transaction on September 10, 2014.