Recon Tech: Up on MoU with Chinese water purification firm
23/06/2020 14:30
** U.S.-listed shares of Chinese oil field services provider
RCON.O rise over 9% to $2 premarket
** RCON enters into a memorandum of understanding (MoU) to
acquire privately owned Beijing Originwater Purification
Engineering urn:newsml:reuters.com:*:nASA00UMP
** RCON to explore purchase of up to 100% equity interest or
assets of Beijing Originwater Purification Engineering which
focuses on the water purification industry in China
** RCON says terms and conditions of a definitive agreement
currently being negotiated between the two parties
** Stock down 20% YTD
(Reporting by Shradha Singh in Bengaluru)
((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))