China Recycling Energy Corp (CREG)

[Trevor11]

CREG:($25,934,066 MILLION DOLLARS),PAY,TO,CREG,AS,PER,TRANSFER,AGREEMENT,NOVEMBER,16,2015(PT.2)



Current Report Filing (8-k)
Date : 11/20/2015 @ 2:46PM
Source : Edgar (US Regulatory)
Stock : China Recycling Energy Corp. (MM) (CREG)
Quote : 0.365 0.0 (0.00%) @ 9:12AM



...The Transfer Agreement provides for the sale to the Buyer of the CDQ Waste Heat Power Generation Project (the "Project") from Xi’an TCH. Additionally, Xi’an TCH will transfer to the Buyer the Engineering, Procurement and Construction (“EPC”) Contract for the CDQ Waste Heat Power Generation Project which Xi’an TCH had entered into with the Contractor in connection with the Project. As consideration for the transfer of the Project, the Buyer will pay to Xi’an TCH an aggregate purchase price of RMB 165,200, 000 (approximately $25,934,066 ....


Source:

biz.yahoo.com/e/151120/creg8-k.html