Abou education Baring Asia announced the withdrawal of non-binding offer
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(I Wall Street News) Beijing March 26 news,hogan scarpe, Abou education,nike france, today announced that Baring Asia withdrawing its bid letter non-binding. The withdrawal of the main reasons include: First,louboutin homme, offer educational publishing Hou Anbo three independent directors to resign; Second,boutique longchamp paris, Abou independent auditors PricewaterhouseCoopers resigned; thirdly,sac longchamp, March 22 Abou education stock suspension.
The letter also indicated that the withdrawal of Baring,hogan outlet milano, once Abou solve problems currently facing, it is still willing to consider a potential transaction to acquire all or part of Abou education.
March 15,longchamp sac pas cher, Baring Asia announced will be $ 1.46 / ADS price in cash Abou currently own and related parties did not already own of the outstanding ordinary shares and ADS. The purchase price of $ 1.46 compared with Abou weighted average price premium of 10% of the last 30 days,new balance homme, compared with March 14 Abou $ 1.01 per share closing price premium of 44.5%,hogan, the share price rose sharply Hou Anbo news release.
March 20,hogan rebel saldi, AMB announced that it has received three resignation letter,chaussure nike, including Daniel Phillips,non classé, Mark Harris and Lisa Lo. Daniel Phillips previously served as the Board of Directors,chaussures louboutin, Mark Harris after the Board Audit Committee,forum boutique pas cher en f, Lisa Lo previously served as Director and Remuneration Committee of the Board of Education Xian Bo announced the appointment of Justin Chen Board Audit Committee and the Chairman of the Special Committee on the internal investigation. Justin Chen and appointed Chairman of the Special Committee investigation and internal audit committee.
March 22 Abou former Education disc announced the resignation of independent auditors PricewaterhouseCoopers,adidas france, the company also announced that the Board's legal counsel Fenwick & West LLP, also resigned.
At 23:24 on March 22 (11:24 EST) NYSE Abou education is suspended,louboutin chaussures, the suspension because there will be important news releases,hogan interactive, when the suspended shares closed at $ 0.95. As of March 25 close of stock trading in the AMB has not been restored. (I Wall Street)
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