CEO of China GrenTech Corporation (GRRF) Offers to Purchase Company for $3.10/Share
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China GrenTech Corporation Limited (NASDAQ: GRRF) today announced that its Board of Directors has received a proposal letter dated November 12, 2011 from its Chairman and Chief Executive Officer, Mr. Yingjie Gao, to acquire all of the outstanding shares of GrenTech not currently owned by Mr. Gao, certain members of the management and their affiliates in a going private transaction for $3.10 per American Depositary share in cash, subject to certain conditions.
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