Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, DC 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):
March 16,
2010
CHINA RECYCLING ENERGY
CORPORATION
(Exact name of registrant as specified
in its charter)
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Nevada
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000-12536
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90-0093373
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(State or other jurisdiction of
incorporation)
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(Commission File
Number)
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(IRS Employer Identification
No.)
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12/F,
Tower A
Chang An
International Building
No. 88
Nan Guan Zheng Jie
Xi An
City, Shan Xi Province
China
710068
(Address of principal executive
offices, including zip code)
(86-29)
8769-1097
(Registrant’s telephone number, including area
code)
Not Applicable
(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 Instruction
A.2. below):
£
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
£
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
£
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
On March
16th, 2010, China Recycling Energy Corporation (the “Company”) issued a press
release, attached hereto as Exhibit 99.1, announcing the second expansion of the
Low Carbon Fortune-Energy Recycling No. 1 Collective Capital Trust Plan (“Second
Expansion of the Plan”) by Beijing International Trust Co., Ltd. (“Beijing
Trust”), to raise up to 93,120,000 yuan (approximately $ 13.69 million) in a
three phase period, beginning March 11, 2010 and ending June 3,
2010.
The
money, if raised, will be a part of the capital trust loan agreement entered by
Beijing International Trust Co., Ltd. and Erdos TCH Energy Saving Development
Co., Ltd (“Erdos TCH”), a joint venture between Xi’an TCH Energy Technology Co.,
Ltd, a subsidiary of the Company, and Erdos Metallurgy Co., Ltd. on November 19,
2009.
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Item
9.01
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Financial
Statements and Exhibits
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(d) The
following exhibit is filed with this report.
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Exhibit
Number
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Description
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99.1
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Press
Release dated March 16, 2010.
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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 Recycling Energy
Corporation
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/s/
Xinyu Peng
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Xinyu Peng, Chief Financial
Officer
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