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Newater Technology, Inc. Announces the Discharge of Injunction Against its Going Private Transaction

Newater Technology, Inc. Files Response to Lawsuit by Fulcan Capital Partners LLC


Press release content from PR Newswire. The AP news staff was not involved in its creation.
Newater Technology, Inc. Files Response to Lawsuit by Fulcan Capital Partners LLC
April 1, 2021 GMT
YANTAI, China, March 31, 2021 /PRNewswire/ Newater Technology, Inc. (NASDAQ: NEWA) (“NEWA”, or the “Company”), a developer, service provider and manufacturer of membrane filtration products and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater, today announced that the Company and its independent committee of the board of the directors (the “Independent Committee”) filed a Notice of Application and Certificate of Urgency with the Eastern Caribbean Supreme Court in the High Court of Justice, Virgin Islands (the “BVI Court”) in response to a lawsuit filed by Fulcan Capital Partners LLC, a Nevada limited liability company (“Fulcan”). Fulcan obtained on March 17, 2021 an ex parte order from the BVI Court ....

United States , Virgin Islands , Yuebiao Li , Eastern Caribbean Supreme Court , Fulcan Capital Partners , Prnewswire Newater Technology Inc , Exchange Commission , Newater Technology Inc , Technology Co , Tigerwind Group , High Court , Tigerwind Group Limited , Independent Committee , Yantai Jinzheng Eco Technology , Disk Tube Reverse Osmosis , Disk Tube Nano Filtration , Private Securities Litigation Reform Act , Greater China , Technology Issues , Products And Services , Environmental Equipment And Services , Technology Law And Ethics , Corporate Lawsuits , Environment And Nature , Pr Newswire , Industrial Products And Services ,

Newater Technology, Inc. confirms its Independent Committee's rejection of unsolicited acquisition proposal from Fulcan Capital Partners LLC


NEWA , or the
Company ), a developer, service provider and manufacturer of membrane filtration products and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater, today announced that its independent committee of the board of the directors (the
Independent Committee ) has concluded that an unsolicited and non-binding acquisition proposal received by the Independent Committee from Fulcan Capital Partners LLC, a Nevada limited liability company (
Fulcan ), to acquire substantially all outstanding ordinary shares of the Company at a purchase price of US$4.90 per share is not reasonably capable of being consummated and that the Independent Committee has rejected the Fulcan s proposal. ....

United States , Green Forest Holding Limited The Merger Agreement , Fulcan Capital Partners , Tiger Holding , Prnewswire Newater Technology Inc , Exchange Commission , Newater Technology Inc , Technology Co , Independent Committee , Fulcan Proposal , Crouching Tiger Holding Limited , Green Forest Holding Limited , Merger Agreement , Yantai Jinzheng Eco Technology , Disk Tube Reverse Osmosis , Disk Tube Nano Filtration , Private Securities Litigation Reform Act , Newater Technology , ஒன்றுபட்டது மாநிலங்களில் , புலி வைத்திருத்தல் , பரிமாற்றம் தரகு , தொழில்நுட்பம் இணை , சுயாதீனமான குழு , குரோச்சிங் புலி வைத்திருத்தல் வரையறுக்கப்பட்டவை , பச்சை காடு வைத்திருத்தல் வரையறுக்கப்பட்டவை , வட்டு குழாய் தலைகீழ் ஆஸ்‌மோஸிஸ் ,

Newater Technology, Inc. confirms its Independent Committee's rejection of unsolicited acquisition proposal from Fulcan Capital Partners LLC

Newater Technology, Inc. confirms its Independent Committee's rejection of unsolicited acquisition proposal from Fulcan Capital Partners LLC
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United States , Green Forest Holding Limited The Merger Agreement , Fulcan Capital Partners , Tiger Holding , Prnewswire Newater Technology Inc , Exchange Commission , Newater Technology Inc , Technology Co , Independent Committee , Fulcan Proposal , Crouching Tiger Holding Limited , Green Forest Holding Limited , Merger Agreement , Yantai Jinzheng Eco Technology , Disk Tube Reverse Osmosis , Disk Tube Nano Filtration , Private Securities Litigation Reform Act , ஒன்றுபட்டது மாநிலங்களில் , புலி வைத்திருத்தல் , பரிமாற்றம் தரகு , தொழில்நுட்பம் இணை , சுயாதீனமான குழு , குரோச்சிங் புலி வைத்திருத்தல் வரையறுக்கப்பட்டவை , பச்சை காடு வைத்திருத்தல் வரையறுக்கப்பட்டவை , வட்டு குழாய் தலைகீழ் ஆஸ்‌மோஸிஸ் , வட்டு குழாய் நானோ வடிகட்டுதல் ,