Shares of Chinese construction materials maker ReTo Eco-Solutions, Inc. (RETO) are up more than 30% Thursday morning after Ruitu Mingsheng Environmental Protection Building Materials (Changjiang) Co., Ltd., a unit of the company, received a sales contract worth RMB 10.71 million from Sanya Guohong Municipal Engineering Construction Co., Ltd.
The companies plan to expand the use ReTo Eco-Solutions' environmental-friendly materials and equipment, including ReTo' patented, retaining bricks, in construction projects.
RETO, currently at $2.25, has been trading in the range of $0.30- $3.66 in the last one year.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.