Newater tech announces receipt of preliminary non-binding "going private" proposal at $3.10 per common share

Newater technology, inc. announces receipt of preliminary non-binding "going private" proposal at $3.10 per common share.newater technology inc - received proposal letter from ceo yuebiao li & cfo zhuo zhang.newater technology inc - acquisition is intended to be financed through debt and/or equity capital.newater technology inc - under proposal, equity capital will be provided at least in part by buyer group in form of rollover equity in company.newater technology inc - board has formed a special committee of independent directors.
NEWA Ratings Summary
NEWA Quant Ranking