China Metro-Rural Holdings Limited (CNR) Announces Approval of Merger for Going Private Transaction
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China Metro-Rural Holdings Limited Receives Majority Shareholder Approval of Merger for Going Private Transaction
August 18, 2016 6:30 AM EDTNEW YORK, NY -- (Marketwired) -- 08/18/16 -- China Metro-Rural Holdings Limited (NYSE MKT: CNR) is pleased to announce that Kind United Holdings Limited and Cafoong Limited, which together beneficially own 52.8% of the total combined voting power of the Company, took action by written consent on August 18, 2016 to approve, among other things, an Agreement and Plan of Merger dated as of June 8, 2016, as amended, and the merger of CMR Merger Sub Limited with and into the Company with the Company continuing as the surviving company and a wholly-owned subsidiary of China Metro-Rural Investment... More
