Newater Technology receives going-private proposal at $3.10 per share

Newater Technology, Inc. has received a preliminary non-binding proposal from its Chairman and CEO Yuebiao Li and CFO Zhuo Zhang to acquire all outstanding shares not owned by them for $3.10 per share in cash, taking the company private.

“Newater Technology, Inc. today announced that its Board of Directors has received a preliminary non-binding proposal letter dated May 12, 2020 from its Chairman and Chief Executive Officer, Mr. Yuebiao Li, and its Chief Financial Officer, Ms. Zhuo Zhang, to acquire all of the outstanding shares of t”prnewswire.com

• 1 source
• prnewswire.comNewater Technology, Inc. Announces Receipt of Preliminary Non-Binding "Going Private" Proposal at $3.10 per Common ShareNewater Technology, Inc.May 12, 2020

Summarized from public sources; check the original articles before acting on it.