News for Newater Technology, Inc. (NEWA)

Current Price: $3.44 Offer Price: $3.65 Upside: 6% Expected Closing: Q2 2021 Merger agreement This is going private transaction of US-listed Chinese company. For more background on these types of special situations, please refer to our Analysis of US-Listed Chinese Going-Private Transactions. Manufacturer of water membranes Newater Technologies has signed a definitive agreement to get taken private by its chair/CEO and CFO at $3.65/share. Shareholder approval should not be an obstickle as buyers' own 44% of NEWA.