Gushan Environmental Energy (GU) Terminates Proposed Follow-on Public Offering
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Gushan Environmental Energy Limited (NYSE: GU) today announced that it is terminating its proposed follow-on public offering of American Depositary Shares in the United States due to stock market volatility and the current trading price for Gushan's ADSs.
Gushan expects to file Form RW today with the SEC to withdraw its registration statement.
Gushan Environmental Energy Limited, together with its subsidiaries, engages in the production and distribution of bio-diesel and bio-diesel by-products in the People's Republic of China.
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