China Customer Relations Centers, Inc. Announces Receipt of Preliminary Non-Binding "Going Private" Proposal at $16.00 per Common Share
China Customer Relations Centers, Inc (CCRC)
US:NASDAQ Investor Relations:
quicktake.morningstar.com/stocknet/secdocuments.aspx?symbol=ccrc
Company Research
Source: PR Newswire
TAI'AN, China, Nov. 11, 2018 /PRNewswire/ -- China Customer Relations Centers, Inc. (NASDAQ: CCRC) ("CCRC" or the "Company"), a leading call center business process outsourcing ("BPO") enterprise based in China, today announced that its board of directors (the "Board") has received a preliminary non-binding proposal letter dated November 10, 2018 jointly submitted by its founder and chairman of the Board, Mr. Zhili Wang, and Guangzhou Cornerstone Asset Management Co., Ltd. ("Cornerstone"), to acquire all of the outstanding shares of CCRC not currently owned by them in a going private transaction for $16.00 per common share in cash. A copy of the proposal letter is attached hereto as Annex A.CCRC's Board has formed a special committee of independent and disinterested directors (the "Independent Committee") consisting of Tianjun Zhang, Owens Meng, and Jie Xu, to consider this proposal. The Independent Committee intends to retain a financial advisor and legal counsel to assist it in its
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