SHENYANG, China, March 22, 2018 /PRNewswire/ -- NF
Energy Saving Corporation (NFEC) ("NF Energy" or the Company), a
leading energy saving service solutions provider for China's power, petrochemical, coal,
metallurgy, construction and municipal infrastructure development
industries, announced that the Company signed a securities purchase
agreement with a Chinese investor whose name is Yongquan Bi. According to this agreement, the
Company issued 500,000 shares of its Common Stock to him at a
purchase price of $1.00 per share. The issuance of the shares was a
private placement.
Mr. Yongquan Bi serves for Dalian
Boqi Group as the board director.
The purpose of the issuance is to increase the working capital
for the Company.
About NF Energy Saving Corporation
NF Energy Saving Corporation (NASDAQ:NFEC) is a China-based provider of integrated energy
conservation solutions utilizing energy-saving equipment, technical
services and energy management re-engineering project operations to
provide energy saving services to clients. The Company's customers
are mainly concentrated in the electrical generation (large-scale
thermal power generation, hydroelectric power, and nuclear power),
water supply, and heat supply industries. The majority of revenues
are from energy efficient flow control solutions including
equipment and energy efficiency project services. For more
information, visit http://www.nfenergy.com.
Safe Harbor Statement
The statements contained herein that are not historical facts
are considered "forward-looking statements." Such forward-looking
statements may be identified by, among other things, the use of
forward-looking terminology such as "believes," "expects," "may,"
"will," "should," or "anticipates" or the negative thereof or other
variations thereon or comparable terminology, or by discussions of
strategy that involve risks and uncertainties. In particular,
statements regarding the efficacy of investment in research and
development are examples of such forward-looking statements. The
forward-looking statements include risks and uncertainties,
including, but not limited to, the effect of political, economic,
and market conditions and geopolitical events; legislative and
regulatory changes that affect our business; the availability of
funds and working capital; the actions and initiatives of current
and potential competitors; investor sentiment; and our reputation.
We do not undertake any responsibility to publicly release any
revisions to these forward-looking statements to take into account
events or circumstances that occur after the date of this report.
Additionally, we do not undertake any responsibility to update you
on the occurrence of any unanticipated events, which may cause
actual results to differ from those expressed or implied by any
forward-looking statements. The factors discussed herein are
expressed from time to time in our filings with the Securities and
Exchange Commission available
at http://www.sec.gov.
Andy Gao
Phone Number: +86-24-2560-9775
Email: info@nfenergy.com
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SOURCE NF Energy Saving Corporation