- Current report filing (8-K)
April 02 2012 - 10:49AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): April 2, 2012
China Energy Recovery, Inc.
(Exact name of registrant as specified in
its charter)
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Delaware
(State or other jurisdiction
of incorporation)
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000-53283
(Commission
File Number)
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33-0843696
(IRS Employer
Identification No.)
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Building#26, No. 1388 Zhangdong Road
Zhangjiang Hi-tech Park
Shanghai, China
(Address of principal executive offices)
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201203
(Zip Code)
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Registrant’s telephone number, including
area code
(86) 021 2028-1866
(Former name or former address, if changed
since last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions
A.2. below):
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 — Entry into a Material Definitive Agreement
On March 30, 2012,
China Energy Recovery (Yangzhou) Co., Ltd. (CER Yangzhou), a wholly-owned subsidiary of China Energy Recovery, Inc. (”CER”),
entered into a comprehensive credit facility with the China CITIC Bank, Yangzhou Branch. The facility is for RMB 20,000,000 (approximately
$3,175,000) and can be used for working capital or general corporate purposes. The term of the line of credit facility is from
is from March 30, 2012 to March 30, 2014. This facility is guaranteed by Jiangsu SOPO (Group) Company Limited, a third party company,
and it is additionally guaranteed by Mr. Qinghuan Wu, the Company’s Chief Executive Officer.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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China Energy Recovery, Inc.
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Date: April 2, 2012
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By:
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/s/ Qinghuan Wu
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Qinghuan Wu
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Chief Executive Officer
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