Brief: China Recycling Energy Says Unit Entered Equity Acquisition Agreement With Xi'an Taiying Energy Saving Technology Co

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29/12/2020 11:20

Dec 29 (Reuters) - China Recycling Energy Corp  CREG.O :
    * CHINA RECYCLING ENERGY CORP - ON DEC 22, UNIT ENTERED INTO
AN
EQUITY ACQUISITION AGREEMENT WITH XI’AN YAIYING ENERGY SAVING
TECHNOLOGY CO
    * CHINA RECYCLING ENERGY CORP - PURCHASE PRICE FOR SAID
SHARES
SHALL CONSIST OF 619,525 SHARES OF COMMON STOCK AT AN ISSUANCE
PRICE OF $4.37 PER SHARE
    * CHINA RECYCLING ENERGY- PURCHASE PRICE ALSO CONSISTS  OF
60
MILLION SHARES OF SERIES A CONVERTIBLE  STOCK AND CASH PAYMENT
OF RMB 1.62 BILLION

Source text: [ID: https://bit.ly/3pBKnz7]
Further company coverage:  CREG.O 

 ((Reuters.Briefs@thomsonreuters.com;))