# Newater Technology to be acquired by Crouching Tiger Holding in going-private merger

Newater Technology has entered into a merger agreement with Crouching Tiger Holding Limited, under which Parent will acquire the company for US$3.65 per common share. The merger will take Newater private.

- Type: Acquisition
- Announced: 2020-09-29
- Where: China
- Status: announced
- Products: membrane filtration products, wastewater treatment systems
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Newater Technology](https://endata.com/companies/30711.md) (target)
- [Crouching Tiger Holding Limited](https://endata.com/companies/50228.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/newater-technology-inc-entering-into-a-merger-agreement-301140435.html), 2020-09-29: "Newater Technology, Inc. today announced that it has entered into a definitive Agreement and Plan of Merger with Crouching Tiger Holding Limited."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.