Investors Wrote to the Shareholders’ Rights Exchange Platform to Accuse Rongsh

2012-08-22

Based on the source of Phoenix Finance News on August 20, the acquisition case of Quanchai Engine just like a long soap opera finally came to a conclusion last week.

Quanchai Engine released the announcement on August 17 that Rongsheng Heavy Industries filed an application to China Securities Regulatory Commission on that day for the withdrawal of “the administrative licensing application materials for the tender offer to all the shareholders of Quanchai Engine except Quanchai Group”. Hearing the news, all the investors of Quanchai Engine are more dissatisfied. Last weekend, the investors’ right exchange platform of Phoenix Net received a right protection letter from a shareholder where three large fraudulent conducts by Rongsheng Heavy Industries in the acquisition are listed.

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