Rosen Law Firm Announces Investigation of Yucheng Technologies Limited In Connection With the Going Private Proposal from New...
06 Octobre 2012 - 5:54PM
Business Wire
The Rosen Law Firm is investigating the Board of Directors of
Yucheng Technologies Limited (NASDAQ: YTEC) for possible breaches
of fiduciary duty and other violations of state law in connection
with a going private proposal from New Sihitech Limited – a British
Virgin Islands company wholly-owned by Yucheng Tecnologies’
Chairman and Chief Executive Officer, Mr. Weidong Hong – and its
subsidiary, New Sihitech Acquisition Limited.
If you would like to join the action please email or call
Phillip Kim or Kevin Chan, toll-free, at 866-767-3653; or email at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposal, offered by New Sihitech Limited
and New Sihitech Acquisition Limited, shareholders will receive
$3.90 for each share of Yucheng Technologies stock they own. The
investigation relates to whether the proposal for $3.90/share is
fair to public shareholders and whether Yucheng Technologies’ Board
breached its fiduciary duties in connection with the offer.
If you own Yucheng Techologies common stock and wish to obtain
additional information, you may contact Phillip Kim or Kevin Chan
of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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