Newater Technology

Newater Technology is a China-based wastewater purification treatment company that focuses on the development, manufacture and sale of disk tube reverse osmosis and disk tube nanoﬁltration membrane filtration products that are used in the treatment, recycling and discharge of wastewater.

YANTAI, China, July 13, 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 completion of merger contemplated by that certain agreement and plan of merger by and among the Company, Crouching Tiger Holding Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (the "Parent"), and Green Forest Holding Limited, a company with limited liability incorporated under the laws of the British Virgin Islands (the "Merger Sub") dated as of September 29, 2020  (the "Merger Agreement"), providing for the merger of the Merger Sub with and into the Company (the "Merger"), with the Company continuing as the surviving company after the Merger as a wholly owned subsidiary of the Parent. Under the terms and conditions of the Merger Agreement, which was approved by the Company's shareholders at an extraordinary general meeting held on July 12, 2021, each of the Company's ordinary shares (the "Shares") issued and outstanding immediately prior to the effective time of the merger has been cancelled in exchange for the right to receive $3.65 per Share without interest and net of any applicable withholding taxes, except for: (i) Shares beneficially owned by Mr.

Newater Technology, Inc. Announces Completion of Merger

The stock price of Newater Technology Inc (NASDAQ: NEWA) increased by over 14% pre-market. This is why it happened.

NEWA Stock Increases Over 14% Pre-Market: Why It Happened

YANTAI, China, July 12, 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 at an extraordinary general meeting held today, the Company's shareholders voted in favor of  the proposal to authorize and approve (i) the previously announced merger agreement dated September 29, 2020 (the "Merger Agreement") by and among Crouching Tiger Holding Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (the "Parent"), Green Forest Holding Limited, a company with limited liability incorporated under the laws of the British Virgin Islands (the "Merger Sub") and the Company, pursuant to which Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of the Parent (the "Merger"), (ii) the plan of merger required to be filed with the Registrar of Corporate Affairs of the British Virgin Islands (the "Plan of Merger"), and (iii) the consummation of the transactions contemplated by the Merger Agreement and the Plan of Merger, including the Merger. Approximately 80.73% of the Company's total ordinary shares outstanding as of the close of business in the British Virgin Islands on the share record date of February 10, 2021 voted by proxy at the extraordinary general meeting.

Newater Technology, Inc. Announces Shareholders' Approval of Merger Agreement

YANTAI, China, June 18, 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 on 17 June 2021 the Commercial Division of the Eastern Caribbean Supreme Court in the British Virgin Islands (the "BVI Court"), discharged an injunction that had been obtained on 16 March 2021 on an ex parte basis by Fulcan Capital Partners LLC, a Nevada limited liability company ("Fulcan"). Fulcan had sought to prevent the Company, the members of the board of directors, and Tigerwind Group Limited (a special purpose vehicle wholly owned by Mr.

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

NEW YORK, May 3, 2021 /PRNewswire/ -- Newater Technology, Inc. (NASDAQ: NEWA) (''NEWA,'' ''we,'' ''our'' or the ''Company''), a leading company specializing in development, production and application of DTRO equipment and systems used in waste water filtration, today announced its financial results for the year ended December 31, 2020. The year ended December 31, 2020 Financial Highlights (all comparisons to the year ended December 31, 2019): Revenues increased by 36% from $37.6 million to $51.16 million in 2020, our revenue growth in the year 2020 resulted primarily from increased demand for our systems.

Newater Technology, Inc. Announces Year 2020 Audited Financial Results

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 enjoining against the Company, the members of the board of the directors, and Tigerwind Group Limited, a special purpose vehicle wholly owned by Mr.

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

YANTAI, China, March 18, 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 in light of a legal claim filed by Fulcan Capital Partners LLC, a Nevada limited liability company ("Fulcan") against the Company, the members of the board of directors of the Company, and Tigerwind Group Limited, a special purpose vehicle wholly owned by Mr. Yuebiao Li, the Company's chairman and chief executive officer, before the Eastern Caribbean Supreme Court in the High Court of Justice, Virgin Islands, the extraordinary general meeting of the shareholders of the Company, originally scheduled on March 19, 2021 at 8:30 am (Beijing Time), has been postponed pending further notice.

Newater Technology, Inc. Announces its Postponement of Extraordinary General Meeting of the Shareholders of the Company

YANTAI, China, March 8, 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...

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

YANTAI, China, Feb. 10, 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...

Newater Technology, Inc. to Hold Extraordinary General Meeting of Shareholders

YANTAI, China, Dec. 18, 2020 /PRNewswire/ -- Newater Technology, Inc. (NASDAQ: NEWA) ("NEWA", "we", "our" 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...

Newater Technology, Inc. Announces Half Year 2020 Unaudited Financial Results

YANTAI, China, Dec. 7, 2020 /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...

Newater Technology, Inc. Provides Update on its "Going Private" Transaction

YANTAI, China, Nov. 2, 2020 /PRNewswire/ -- Newater Technology, Inc. (NASDAQ: NEWA) ("Newater," "NEWA," "we," "our" 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,...

Newater Technology, Inc. Announces Rescheduled Date for its Annual Meeting of Stockholders now to be held on December 29, 2020

YANTAI, China, Sept. 29, 2020 /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...

Newater Technology, Inc. Entering Into A Merger Agreement

YANTAI, China, Sept. 10, 2020 /PRNewswire/ -- Newater Technology, Inc.

Newater Technology, Inc. Announces Postponement of 2020 Annual Meeting of Stockholders

YANTAI, China, Sept. 3, 2020 /PRNewswire/ -- Newater Technology, Inc.

Newater Technology, Inc. Announces to Hold its Annual Meeting of Stockholders on October 29, 2020

NEW YORK, June 5, 2020 /PRNewswire/ -- Newater Technology, Inc. (NASDAQ: NEWA) (''NEWA,'' ''we,'' ''our'' or the ''Company''), a leading company specializing in development, production and application of DTRO equipment and systems used in waste water filtration, today announced its...

Newater Technology, Inc. Announces Year 2019 Audited Financial Results

YANTAI, China, June 3, 2020 /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...

Newater Technology, Inc. Announces its Independent Committee's Engagement of Financial Advisor and Legal Counsel

The recent trade war between the Trump Administration and China has resulted in almost all of the US-listed Chinese companies to take a nosedive.

News for Newater Technology Stock (NEWA)