|Bid||3.88 x 500|
|Ask||4.98 x 200|
|Day's Range||4.01 - 4.26|
|52 Week Range||0.60 - 10.70|
|PE Ratio (TTM)||-0.48|
|Earnings Date||Aug 10, 2017 - Aug 14, 2017|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
WUXI, China, July 18, 2017 /PRNewswire/ -- Cleantech Solutions International, Inc. ("Cleantech Solutions" or "the Company") (CLNT) today announced that the Company's board of directors has formed a special committee comprised of three independent directors of the Company, Furen Chen, Xi Liu and Chengqing Tang (the "Special Committee") to evaluate and engage in discussions with ECrent Capital Holdings Limited ("ECrent") regarding potential business cooperation between the two companies and a potential acquisition by the Company of ECrent (collectively, the "Potential Transactions"). All three members of the Special Committee are unaffiliated with ECrent and not management members of the Company.
Using the Company's platform, consumers will be able to locate and rent the closest sharing bike on a cross-city and cross-region basis. Featuring a single registration, deposit and payment system, bike locking and tracking technology, the Company expects its platform to provide a seamless and compelling user experience. The Company has partnered with Hong Kong-based Xiao Sun Bike and Ketch'up Bike, and plans to add more regional bicycle operators to the platform. The platform will open up opportunities for individuals and small bike rental companies to join, by installing a specific bike locking and location system.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The securities sold in the private placement have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the "SEC") or an applicable exemption from such registration requirements. The investors have piggyback registration rights until 90 calendar days after the shares are salable under Rule 144 promulgated under the Securities Act in the event that the Company proposes to file a registration statement under the Securities Act with respect to an offering of the Company's securities.