NEW YORK--()--The Rosen Law Firm is investigating the Board of Directors of China Shengda Packaging Group Inc. (NASDAQ: CPGI) for possible breaches of fiduciary duty and other violations of state law in connection with a going private proposal from its Chairman.
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Under the terms proposed by CPGI’s Chairman Mr. Nengbin Fang, he will pay shareholders $1.40 for each share of China Shengda Packaging stock they own. The investigation relates to whether the proposal for $1.40/share is fair to public shareholders and whether China Shengda Packaging’s Board breached its fiduciary duties in connection with the offer.
If you own China Shengda Packaging 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 email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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