SORL Auto Parts Announces Results of Special Meeting of Stockholders and Target Closing Date
SORL AUTO PARTS (SORL)
Last sorl auto parts earnings: 11/14 04:25 pm
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US:NASDAQ Investor Relations:
sorl.cn/?p=83
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Source: GlobeNewswire
ZHEJIANG, China, May 08, 2020 (GLOBE NEWSWIRE) -- SORL Auto Parts, Inc. (NASDAQ: SORL) (“SORL” or the “Company”), a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, today announced that at the Company’s special meeting of stockholders earlier today, the stockholders of the Company approved, among others, the Company’s acquisition by Ruili International Inc. (“Parent”), a Delaware corporation, through a merger of the Company with Ruili International Merger Sub Inc., a wholly-owned subsidiary of Parent, as contemplated by the Company’s previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of November 29, 2019. As of the record date of April 2, 2020, the Company had 19,304,921 shares of common stock outstanding that are entitled to vote, of which 15,876,170 or 82.24% were present in person or by proxy at the meeting. 15,393,221 shares, representing approximately 79.74% of the outsta
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