logo
Plus   Neg
Share
Email

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Holding Limited, a British Virgin Island company and a majority shareholder of China New Borun, stating that they have withdrawn the non-binding going private proposal dated January 10, 2018.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.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
McDonald's Corp. has announced the return of its popular Shamrock Shake milkshake for a limited time at participating U.S. restaurants nationwide. The minty green milkshake is made with McDonald's vanilla soft serve blended with Shamrock Shake syrup and topped with whipped topping. It first debuted on the McDonald's menu in 1970 and has been a seasonal tradition for nearly 50 years. Asia-focused lender HSBC, through its blockchain-powered platform, has reduced the cost of settling foreign exchange trades by 25 percent, Reuters reported quoting a bank executive overseeing the project. Mark Williamson, chief operating officer of FX cash trading and risk management, told that the bank processes between 3,500 and 5,000 trades a day on its "FX Everywhere" system. PepsiCo, Inc. (PEP) reported fourth-quarter core EPS of $1.49 compared to $1.31, prior year. Excluding the impact of foreign exchange translation, core constant currency EPS increased 17 percent year-over-year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per...
Follow RTT