China Holdings (CHHL.OB) Announce New Oil Facility
It's been a busy day for China Holdings Inc. (OTCBB: CHHL). The company's share prices rose an impressive 40 percent today, settling at a price of 3 cents a share by noon CDT.The source of the jump is the China Holdings' recent statement regarding a joint venture with Aroma International Petroleum Ltd. to develop a 1.2 million cubic meter oil storage facility. According to the statement, China Holdings executed a memorandum of understanding with Aroma to complete the development of the massive tank, which, when completed, would hold an estimated 7.5 million barrels of oil. To facilitate the venture, Aroma…