Reto

ReTo Eco-Solutions, Inc. Announces $6.6 Million Registered Direct Offering

Retrieved on: 
Friday, May 19, 2023
Reto, Share (finance), Enterprise file synchronization and sharing, Sale, Offering, Power purchase agreement, Form, Growth, Security (finance), Cryptocurrency

The Shares are offered by means of the Company's registration statement on Form F-3 (File No.

Key Points: 
  • The Shares are offered by means of the Company's registration statement on Form F-3 (File No.
  • Electronic copies of the prospectus supplement and the accompanying base prospectus may be obtained, when available, on the SEC's website at http://www.sec.gov and may also be obtained by contacting Angela Hu, at the Company, using her contact information at the end of this press release.
  • This Offering is expected to close on or about May 19, 2023, subject to the satisfaction of customary closing conditions.
  • The Company intends to use the net proceeds from the Offering to fund the growth of its business, primarily working capital, and for general corporate purposes, as well as to acquire or invest in technologies, products and/or businesses that it believes will enhance its value.

ReTo Eco-Solutions, Inc. Announces Corrected Market Effective Date for Share Combination

Retrieved on: 
Friday, May 12, 2023
Transfer, CUSIP, Reto, Virgin Islands, British Virgin Islands, Security (finance)

On May 9, 2023, ReTo's Board of Directors approved a 10:1 share combination of its common shares ("Share Combination").

Key Points: 
  • On May 9, 2023, ReTo's Board of Directors approved a 10:1 share combination of its common shares ("Share Combination").
  • As a result of the Share Combination , each ten (10) pre-split shares of the Company's common shares will automatically combine into one (1) common share without any action on the part of the holders, the Company's authorized shares will be changed from 200,000,000 common shares, par value $0.001 per share, to 20,000,000 common shares, par value $0.01 per share, and the Company's issued and outstanding common shares will be reduced from 53,787,689 to approximately 5,378,769.
  • The Company's common shares will continue to trade on Nasdaq under the symbol "RETO" but will trade under a new CUSIP number – G75271117.
  • The Share Combination is intended to increase the market price per share of the Company's common shares to allow the Company to maintain its Nasdaq listing.

ReTo Eco-Solutions, Inc. Announces Share Combination

Retrieved on: 
Tuesday, May 9, 2023
Transfer, Share, Reto, Virgin Islands, British Virgin Islands, CUSIP, Security (finance)

BEIJING, May 9, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments and roadside assistance services and software development services in China, today announced that on May 9, 2023, its Board of Directors approved a 10:1 share combination of its common shares ("Share Combination").

Key Points: 
  • BEIJING, May 9, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments and roadside assistance services and software development services in China, today announced that on May 9, 2023, its Board of Directors approved a 10:1 share combination of its common shares ("Share Combination").
  • As a result of the Share Combination , each ten (10) pre-split shares of the Company's common shares will automatically combine into one (1) common share without any action on the part of the holders, the Company's authorized shares will be changed from 200,000,000 common shares, par value $0.001 per share, to 20,000,000 common shares, par value $0.01 per share, and the Company's issued and outstanding common shares will be reduced from 53,787,689 to approximately 5,378,769.
  • The Share Combination  is intended to increase the market price per share of the Company's common shares to allow the Company to maintain its Nasdaq listing.
  • Shareholders who otherwise would be entitled to a fractional share because they hold a number of common shares not evenly divisible by the one (1) for ten (10) ratio will automatically be entitled to receive an additional share of the Company's common share.

ReTo Eco-Solutions Reports Fiscal Year 2022 Financial Results

Retrieved on: 
Tuesday, May 2, 2023
Reto, Marketing, COVID-19, EOD, Research, Internet, RSA, Annual report, Municipal solid waste, Security (finance), Cryptocurrency, Video game, Mengzi City

BEIJING, May 1, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo," "Company," "we," "our" or "us"), a provider of technology solutions, operation services for intelligent ecological environments, roadside assistance services and software development services in China, today announced its audited financial results for the fiscal year ended December 31, 2022.

Key Points: 
  • BEIJING, May 1, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo," "Company," "we," "our" or "us"), a provider of technology solutions, operation services for intelligent ecological environments, roadside assistance services and software development services in China, today announced its audited financial results for the fiscal year ended December 31, 2022.
  • Gross profit for the fiscal year 2022 increased by 109% to approximately $0.8 million.
  • Gross profit margin was 12% for the fiscal year 2022, as compared to 11% for the prior year.
  • Total net loss for the fiscal year 2022 was approximately $15.4 million, compared to approximately $22.1 million for the prior year.

ReTo Eco-Solutions Subsidiary Receives Overseas Order for Fully Automated Block Production Lines

Retrieved on: 
Wednesday, March 22, 2023
Recycling, Reto

BEIJING, March 22, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (the "Company") announced today that its subsidiary, Beijing REIT Technology Development Co., Ltd. ("Beijing REIT") and Huayuan Chuangshi Industrial Intelligent Technology Co. Ltd. ("Huayuan Chuangshi") has signed a procurement contract for block production lines.

Key Points: 
  • BEIJING, March 22, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (the "Company") announced today that its subsidiary, Beijing REIT Technology Development Co., Ltd. ("Beijing REIT") and Huayuan Chuangshi Industrial Intelligent Technology Co. Ltd. ("Huayuan Chuangshi") has signed a procurement contract for block production lines.
  • The contract entails exporting two RT10 fully automated block production lines overseas for the production of various environmentally friendly block building materials using steel slag.
  • Beijing REIT was selected by  Huayuan Chuangshi for the procurement contract due to its advanced technology, reliable quality, and excellent service.
  • Mr. Li Hengfang, Chairman and CEO of the Company commented, "We are excited to have successfully signed an overseas order for our specialized block automated production line which confirms its recognition by the international market.

Subsidiary of ReTo Eco-Solutions Wins Bid to Supply Block Machines for Real Estate Construction Project in Beijing

Retrieved on: 
Friday, March 10, 2023
Reto, REIT, Ecology, Recycling, Classification, Environment, Real estate

BEIJING, March 10, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (the "Company") today announced that its subsidiary, Beijing REIT Technology Development Co., Ltd. ("Beijing REIT"), has won the bid to supply professional block making machines for a real estate construction project implemented in Beijing City by Zhongjian Yipin Property Management Co., Ltd ("Zhongjian Yipin"), a subsidiary of Zhongjian Sanju Construction Engineering Company Limited, a state-owned company involved in the utilization of construction waste renewable resources in China.

Key Points: 
  • BEIJING, March 10, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (the "Company") today announced that its subsidiary, Beijing REIT Technology Development Co., Ltd. ("Beijing REIT"), has won the bid to supply professional block making machines for a real estate construction project implemented in Beijing City by Zhongjian Yipin Property Management Co., Ltd ("Zhongjian Yipin"), a subsidiary of Zhongjian Sanju Construction Engineering Company Limited, a state-owned company involved in the utilization of construction waste renewable resources in China.
  • Pursuant to the contract signed, Beijing REIT will supply mobile model RT6 block machines production line for the recycling of construction waste to Zhongjian Yipin for its Beijing real estate project.
  • The model RT6 is the latest mobile model developed by Beijing REIT relying on its specialized technologies that helps tailor the machineries for different clients while ensure high product quality and cost-efficient services.
  • RETO will continue our efforts in innovation of block forming equipment and technologies and provide more advanced technology and services to the market ."

Subsidiary of ReTo Eco-Solutions Signs Contract to Supply Block Production Lines for an Infrastructure Engineering Firm in Jilin Province

Retrieved on: 
Tuesday, February 28, 2023
REIT, Reto, Engineering, Ecology, Automotive industry

BEIJING, Feb. 28, 2023 /PRNewswire/ --  ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (the "Company") today announced that its subsidiary, Beijing REIT Technology Development Co., Ltd. ("Beijing REIT"), has signed contract to supply professional  Block Production Lines to Jilin Jiada Municipal Landscape Engineering Co. ("Jilin Jiada"), an infrastructure engineering firm that participated in the construction of major highways in Jilin Province, China.

Key Points: 
  • BEIJING, Feb. 28, 2023 /PRNewswire/ --  ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (the "Company") today announced that its subsidiary, Beijing REIT Technology Development Co., Ltd. ("Beijing REIT"), has signed contract to supply professional  Block Production Lines to Jilin Jiada Municipal Landscape Engineering Co. ("Jilin Jiada"), an infrastructure engineering firm that participated in the construction of major highways in Jilin Province, China.
  • Pursuant to the contract signed, Beijing REIT will supply two model RT10 Block Production Lines to Jilin Jiada.
  • The model RT10 is the latest model developed by Beijing REIT utilizing its specialized technologies, which can meet the need of production for different clients while ensure high product quality and efficient operation.
  • Mr. Hengfang Li, Chairman and CEO of the Company, commented: "The machines we supply to Jilin Jiada will be used for the manufacturing of environmentally friendly materials, which coincides with the Company's motto of promoting the concept of 'utilizing technology to improve ecology'.

Subsidiary of ReTo Eco-Solutions Signs a Joint Venture Agreement To Develop Internet of Things and Logistics Business

Retrieved on: 
Friday, February 24, 2023
Reto, Agreement, Good, Internet, Warehouse

BEIJING, Feb. 24, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo") today announced that its subsidiary, Yangpu Fangyuyuan United Logistics Co. ("Yangpu Fangyuyuan"), has entered into a joint venture agreement (the "Agreement") with Hainan Yonghuiju Technology Co. ("Hainan Yonghuiju"), an agricultural products logistics company in China, to jointly develop internet of things and logistics business.

Key Points: 
  • BEIJING, Feb. 24, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo") today announced that its subsidiary, Yangpu Fangyuyuan United Logistics Co. ("Yangpu Fangyuyuan"), has entered into a joint venture agreement (the "Agreement") with Hainan Yonghuiju Technology Co. ("Hainan Yonghuiju"), an agricultural products logistics company in China, to jointly develop internet of things and logistics business.
  • The parties will also work together on the upgrade and advancement of the platform to optimize its operation and efficiency.
  • Backed by ReTo, Yangpu Fangyuyuan will provide platform management and supply chain financing and digitalization services.
  • At ReTo, we'll grow our logistics service network in China to meet customers' demands, as well as building our intermodal shipping capacity."

Subsidiary of ReTo Eco-Solutions Wins Bid of Ordos Yellow River Basin Solid Waste Recycling and Land Rehabilitation EOD Project

Retrieved on: 
Wednesday, December 21, 2022
REIT, Security (finance), Recycling, EOD, Environment, Yellow River, Transport, Internet, Growth, CCCC, Soil, Coal, Building material, Reto, Plant, Iron ore

BEIJING, Dec. 21, 2022 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (the "Company") today announced that a consortium comprised of its subsidiary, REIT Ecological Technology Co., Ltd. ("REITOrdos"), has won the bid to design and operate Ordos solid waste recycling and land rehabilitation ecology-oriented project (the "EOD Project"), which focuses on the ecological protection of Yellow River Basin in China.

Key Points: 
  • BEIJING, Dec. 21, 2022 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (the "Company") today announced that a consortium comprised of its subsidiary, REIT Ecological Technology Co., Ltd. ("REITOrdos"), has won the bid to design and operate Ordos solid waste recycling and land rehabilitation ecology-oriented project (the "EOD Project"), which focuses on the ecological protection of Yellow River Basin in China.
  • The construction period is expected to last for three years, with an estimated operation period of 15 years.
  • These soil improvement materials are expected to be used to rehabilitate 150,000 mu of saline, sandy and degraded land, effectively recycling coal gangue.
  • "We hope that the EOD Project will help build an ecological environment network at the Yellow River Basin that promotes the development of modern agriculture and provides diverse employment opportunities in Ordos.

ReTo Receives an Additional 180 Day Period to Regain Compliance with the Nasdaq Minimum Bid Price Requirement

Retrieved on: 
Tuesday, December 6, 2022
Security (finance), Calendar, Internet, Building material, Reto, Auction

If at any time during the Second Compliance Period the closing bid price of the Company's security is at least $1 per share for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance and this matter will be closed.

Key Points: 
  • If at any time during the Second Compliance Period the closing bid price of the Company's security is at least $1 per share for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance and this matter will be closed.
  • The Company intends to monitor the closing bid price of its common shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its common shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.
  • Founded in 1999, ReTo, through its proprietary technologies, systems and solutions, is striving to bring clean water and fertile soil to communities worldwide.
  • For example, there can be no assurance that we will be able to regain compliance and maintain our listing Nasdaq.