CLEANTECH SOLUTIONS INTERNATIONAL, INC. (NASDAQ:CLNT) Files An 8-K Other EventsItem 8.01 Other Events
On October 11, 2017, Cleantech Solutions International, Inc.’s (the “Company”) wholly-owned subsidiary, Sharing Economy Investment Limited (“SEI”), entered into an exclusivity agreement (the “Agreement”) with 3D Discovery Co. Limited (“3D”), regarding a potential acquisition by SEI of not less than 51% of 3D. Since the Agreement merely provides for discussions between SEI and 3D, there can be no assurances that the parties may enter into any agreement to do a transaction, and even if an agreement is entered into, there can be no assurances that such transaction will be consummated, or that such transaction will be on terms beneficial to the Company.
A copy of the Agreement and the Company’s press release announcing the Agreement are attached hereto as Exhibit 99.1 and Exhibit 99.2.
Item 9.01.Financial Statements and Exhibits.
Cleantech Solutions International, Inc., ExhibitEX-99.1 2 f8k100917ex99-1_cleantech.htm EXCLUSIVITY AGREEMENT DATED OCTOBER 11,…To view the full exhibit click
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.