CLEANTECH SOLUTIONS INTERNATIONAL, INC. (NASDAQ:CLNT) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On December 11, 2017, Cleantech Solutions International, Inc. (the “Company”) wholly-owned subsidiary, EC Technology & Innovations Limited (“ECTI”), entered into a sales and purchase agreement (“Agreement”) with the major shareholders of 3D Discovery Co. Limited (“3D Discovery”), to acquire a 60% interest in the issued share capital of 3D Discovery in consideration of HK$3.0 million, which shall be satisfied by the allotment and issuance of 68,610 unregistered shares of the Company at a price of US$5.606 per share. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Agreement, which is incorporated herein by reference and attached hereto as Exhibit 10.1.
| Item 9.01. | Financial Statements and Exhibits. |
Cleantech Solutions International, Inc., ExhibitEX-10.1 2 f8k121117ex10-1_cleantech.htm SALES AND PURCHASE AGREEMENT,…To view the full exhibit click here
About CLEANTECH SOLUTIONS INTERNATIONAL, INC. (NASDAQ:CLNT)
Cleantech Solutions International, Inc., through its subsidiaries, manufactures and sells textile dyeing and finishing machines and sells forged products and fabricated products to a range of clean technology customers, including high precision forged rolled rings and related components for the wind power industry and other industries. The Company operates through three segments: dyeing and finishing equipment segment, forged rolled rings and related components segment, and petroleum and chemical equipment segment. Through its dyeing and finishing equipment segment, the Company designs, manufactures and distributes a line of high and low temperature dyeing and finishing machinery to the textile industry. Through its petroleum and chemical equipment segment, the Company produces and sells coal chemical equipment, formaldehyde plant and downstream products, a range of heat exchangers, separators, tanks, towers, reaction kettles and other products to petroleum and chemical industries.
