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China New Borun: Wang, King River Not To Proceed With Going Private Proposal

China New Borun Corp. (BORN) announced the special committee of the Board has recently received a notice from Jinmiao Wang, CEO and Chairman of the Board, and King River Holding Limited, a British Virgin Island company and a majority shareholder of China New Borun, stating that they have withdrawn the non-binding going private proposal dated January 10, 2018.

The Special Committee was dissolved on July 12, 2018 as Wang and King River had determined not to proceed with the Proposal.

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