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China Recycling Energy Corp (CREG) Debuts on Nasdaq market

BEIJING, Mar. 24, 2010 (Xinhua News Agency) — China Recycling Energy Corporation (CREG.OB; CREG.Nasdaq), a leading industrial waste-to-energy solution provider in China, announced the listing of its common stock on the Nasdaq market on Monday.

The company, based in Xi’an of northwestern China’s Shaanxi province, was established in 2003. It provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories, and coke plants in China.

The company began trading on the U.S. OTCBB market through a reverse takeover in 2007. In November 2007, it had an investment of 25 million US dollars from the US-based Carlyle Group.

Wu Zhonggang, deputy general manager of China Recycling Energy Corp. (NASDAQ:CREG) , said that the listing on Nasdaq would help the company with international competition, further financing and technological development. (Edited by Gao Li,

Wednesday, March 24th, 2010 Uncategorized