NEWA: Newater On Track For $3.65 Buyout

Posted on by John Sheehy

Newater Technology is a Chinese water treatment business that will soon be privatized for $3.65/share. Financing will primarily be provided by Yanzhou Coal Mining, a major state-owned enterpriseShareholder vote is 7/12. Closing expected in 3Q.Merger progress was delayed by a mysterious last-minute competing bid. Corporate history Newater was formed in 2012 and operates in China … Continue reading NEWA: Newater On Track For $3.65 Buyout