Newater Technology

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.

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. has terminated its acquisition agreement to acquire AMS Technologies Int. (2012) Ltd., an Israeli membrane materials company, due to failure to reach mutual agreement during the closing phase.

Newater Technology, Inc. announced it will acquire 100% equity of Israeli AMS Technologies Int. (2012) Ltd for approximately $13.5 million, with closing expected in March 2019.

Newater Technology announced the partial completion of Phase I of its new manufacturing facility in Jinzheng Eco-Technology Industry Park, Yantai, China. Part of the production facility began operation on April 13, 2018. The facility will host membrane module and wastewater treatment equipment manufacturing.

Newater Technology Inc. announced it will acquire 100% of Israeli water filtration company AMS Technologies for $13.5 million. AMS develops chemically and thermally stable ultrafiltration and nano-filtration membranes for wastewater treatment.