Gushan July 08, 2008
New York, July 8, 2008 – Gushan Environmental Energy Limited (“Gushan”; NYSE: GU),China’s largest producer of biodiesel as measured by annual production capacity, today announced that it is terminating its proposed follow-on public offering of American Depositary Shares(“ADSs”) in the United States due to stock market volatility and the current trading price for Gushan’s ADSs. The proposed offering was to include solely shares sold by certain shareholders.Gushan had originally filed a registration statement on Form F-1 in connection with this offering with the U.S. Securities and Exchange Commission (“SEC”) on June 23, 2008. Gushan expects to file Form RW today with the SEC to withdraw its registration statement.
Gushan Environmental Energy Limited Halts Proposed Follow-on Offering