China Recycling Energy Corp: Drops on $3 mln share offering

Smart Powerr

30/10/2018 12:52

** Shares of waste-to-energy solution provider  CREG.O  down
13.1 pct at $1.39 premarket - among the biggest losers across
U.S. exchanges
    ** China-focused firm enters deals for investors to buy
about 2 mln shares at $1.38 per share, a ~14 pct discount to
Monday's close of $1.60  urn:newsml:reuters.com:*:nGNX8mB3yM
    ** CREG also agrees to issue unregistered warrants to buy up
to about 2 mln common shares for $0.13 per warrant
    ** Up to Monday's close, stock has fallen about 42.9 pct
this year

 (Reporting by Aaron Saldanha in Bengaluru)
 ((Aaron.Saldanha@thomsonreuters.com; +91 80 6749 1130; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))