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):
November 19, 2009
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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Suite
909, Tower B
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))
Item
8.01 Other Events
On
November 19, 2009, Erdos TCH Energy Saving Development Co., Ltd
(“Erdos TCH”), a subsidiary of China Recycling Energy Corporation (the
“Company”), and Beijing International Trust Co., Ltd. (“Beijing Trust”) enter
into a capital trust loan agreement. The loan will come from and is contingent
on the Low Carbon Fortune-Energy Recycling No. 1 Collective Capital Trust Plan
(“Plan”) that is to be established and managed by Beijing Trust.
On November 11, 2009, Beijing
Trust announced the summary prospectus of this Plan. The
Plan must raise no less than 150 million yuan in order to be established and it
can be expanded to 300 million yuan within 6 months of the establishment of the
Plan. The promotion period of the Plan is from November 9, 2009 to December 9,
2009. The Plan is to raise capital and provide loans to Erdos TCH for
its waste heat power generation project phase II, phase III construction and
operation, through which Erdos TCH will recycle heat from groups
of furnaces of Erdos Metallurgy Co., Ltd.'s metal refining plants to generate
power and steam, which will then be sold back to Erdos
Metallurgy.
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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Date:
November 23, 2009
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Xinyu
Peng, Chief Financial Officer
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