Special committee of the National People's Congress

NCLA Will Appeal Fed. Circuit Judicial Council’s Unlawful Order to Suspend Hon. Pauline Newman

Retrieved on: 
Wednesday, September 20, 2023
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NCLA will also petition the Committee on Judicial Conduct & Disability to review today’s flawed Judicial Council order.

Key Points: 
  • NCLA will also petition the Committee on Judicial Conduct & Disability to review today’s flawed Judicial Council order.
  • The Disability Act, were it being adhered to, calls for keeping Judge Newman hearing cases during the investigation and any appeals.
  • Only after removing Judge Newman from the bench did the Chief Judge then appoint a Special Committee to investigate.
  • The Judicial Council’s sanction against Judge Newman violates her right to exercise judicial power under Article III of the Constitution.

Chindata Group Announces Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee

Retrieved on: 
Tuesday, June 20, 2023
Committee, Special committee of the National People's Congress, Gibson Dunn, Acquisition, Cryptocurrency, Sales

BEIJING, June 20, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that the special committee (the “Special Committee”) of the Company’s board of directors (the “Board”), formed to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated June 6, 2023 (the “Proposal”), has retained Citigroup Global Markets Asia Limited as its independent financial advisor and Gibson, Dunn & Crutcher as its U.S. legal counsel to assist it in this process.

Key Points: 
  • BEIJING, June 20, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that the special committee (the “Special Committee”) of the Company’s board of directors (the “Board”), formed to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated June 6, 2023 (the “Proposal”), has retained Citigroup Global Markets Asia Limited as its independent financial advisor and Gibson, Dunn & Crutcher as its U.S. legal counsel to assist it in this process.
  • The Company cautions its shareholders and others considering trading in its securities that neither the Board nor the Special Committee has made any decision with respect to the Company’s response to the Proposal.
  • There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the Proposal, or that the transaction contemplated by the Proposal or any other similar transaction will be approved or consummated.
  • The Company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.

Chindata Group Announces Formation of Special Committee

Retrieved on: 
Thursday, June 8, 2023
Committee, Special committee of the National People's Congress, Cryptocurrency, Sales

BEIJING, June 08, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced its board of directors (the “Board”) has formed a special committee (the “Special Committee”) consisting of three disinterested, independent directors, namely Mr. Thomas J. Manning, who will serve as the chairman of the Special Committee, and Mr.

Key Points: 
  • BEIJING, June 08, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced its board of directors (the “Board”) has formed a special committee (the “Special Committee”) consisting of three disinterested, independent directors, namely Mr. Thomas J. Manning, who will serve as the chairman of the Special Committee, and Mr.
  • Gang Yu and Mr. Weili Hong, to evaluate and consider the previously announced preliminary non-binding proposal letter dated June 6, 2023 (the “Proposal”).
  • The Special Committee intends to retain independent legal and financial advisors in due course to assist it in evaluating the proposal.
  • The Company cautions its shareholders and others considering trading in its securities that neither the Board nor the Special Committee has made any decision with respect to the Company's response to the proposal.

GreenLight Biosciences Holdings Confirms Receipt of Indication of Interest from Fall Line

Retrieved on: 
Thursday, March 30, 2023
Autumn, Fall line, Agriculture, Committee, Disclosure, Green-light, RNA, GRNA, Special committee of the National People's Congress, Health

BOSTON, March 30, 2023 (GLOBE NEWSWIRE) -- GreenLight Biosciences (Nasdaq: GRNA) (“GreenLight” or the “Company”), a public benefit corporation striving to deliver on the full potential of RNA to address some of the world’s toughest problems in human health and agriculture, today, confirmed that it has received a non-binding indication of interest from Fall Line Endurance Fund, L.P. (“Fall Line”) to acquire all of the outstanding capital stock of the Company for $0.60 per share in cash (the “Proposed Transaction”).

Key Points: 
  • BOSTON, March 30, 2023 (GLOBE NEWSWIRE) -- GreenLight Biosciences (Nasdaq: GRNA) (“GreenLight” or the “Company”), a public benefit corporation striving to deliver on the full potential of RNA to address some of the world’s toughest problems in human health and agriculture, today, confirmed that it has received a non-binding indication of interest from Fall Line Endurance Fund, L.P. (“Fall Line”) to acquire all of the outstanding capital stock of the Company for $0.60 per share in cash (the “Proposed Transaction”).
  • The terms of any potential agreement between GreenLight and Fall Line would be contingent on certain conditions, including completion of due diligence review and negotiation of definitive transaction documents, as well as certain to be identified Company stockholders agreeing to roll their existing equity in connection with the Proposed Transaction.
  • GreenLight’s Board of Directors through a special committee thereof (the “Special Committee”) will carefully evaluate Fall Line’s indication of interest within the context of the ongoing review of various alternatives and in consultation with any financial and legal advisors it may retain.
  • No assurance can be given that a definitive transaction with respect to Fall Line’s indication of interest or any other potential transaction will eventually be consummated.

iClick Interactive Asia Group Limited Announces Engagement of Financial Advisor and Legal Counsel to Evaluate the Proposal

Retrieved on: 
Friday, January 20, 2023
Special committee of the National People's Congress, Proposal, Committee, Houlihan Lokey, Marketing, The Company, Cryptocurrency

HONG KONG, Jan. 20, 2023 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, announced today that the special committee of the Company's board of directors (the "Special Committee") has engaged Houlihan Lokey (China) Limited ("Houlihan Lokey") as its financial advisor and Cleary Gottlieb Steen & Hamilton LLP as its U.S. legal counsel to assist in its evaluation of the previously-announced preliminary non-binding proposal dated December 20, 2022 (the "Proposal") from Igomax Inc., Bubinga Holdings Limited and Rise Chain Investment Limited.

Key Points: 
  • HONG KONG, Jan. 20, 2023 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, announced today that the special committee of the Company's board of directors (the "Special Committee") has engaged Houlihan Lokey (China) Limited ("Houlihan Lokey") as its financial advisor and Cleary Gottlieb Steen & Hamilton LLP as its U.S. legal counsel to assist in its evaluation of the previously-announced preliminary non-binding proposal dated December 20, 2022 (the "Proposal") from Igomax Inc., Bubinga Holdings Limited and Rise Chain Investment Limited.
  • The Special Committee cautions the Company's shareholders and others considering trading the Company's securities that the Special Committee is still at the preliminary stage of reviewing and evaluating the Proposal and has not made any decision with respect to the Company's response to the Proposal.
  • There can be no assurance that any definitive offer will be made, that any definitive agreement will be executed relating to the Proposal or that the Proposal or any other transaction will be approved or consummated.
  • The Company does not undertake any obligation to provide any updates with respect to the Proposal or any other transaction, except as required under applicable law.

iClick Interactive Asia Group Limited Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company

Retrieved on: 
Tuesday, December 20, 2022
Cloud, ADSS, ADS, The Company, US, Virgin Islands, Proposal, Partnership, Consortium, Growth, Marketing, COVID-19, Software as a service, Committee, Event Marketing Solutions, Special committee of the National People's Congress, Improper integral, CRM, Sustainability Accounting Standards Board, Annual report, Algorithm, Investment, Security (finance)

The Consortium beneficially owns ordinary shares of the Company that represent approximately 63% of the aggregate voting power of the Company.

Key Points: 
  • The Consortium beneficially owns ordinary shares of the Company that represent approximately 63% of the aggregate voting power of the Company.
  • According to the Proposal Letter, the Consortium intends to fund the consideration payable in the Proposed Transaction with a combination of equity and debt financing.
  • Equity financing is expected to be provided by the Consortium in the form of cash contributions and rollover equity in the Company.
  • Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a leading enterprise and marketing cloud platform in China.

Converge Technology Solutions Corp. Announces Houlihan Lokey Capital, Inc and Canaccord Genuity Corp as Co-financial Advisors

Retrieved on: 
Monday, December 12, 2022
Cloud, Converge, Committee, Special committee of the National People's Congress, Financial statement, CTS, FSE, Multimedia, TSX, SEDAR, Legislation, Risk management, Publishing, QC

In addition, the Company has retained LodeRock Advisors Inc. to assist with investor relations activities managing the communications to investors and market analysts.

Key Points: 
  • In addition, the Company has retained LodeRock Advisors Inc. to assist with investor relations activities managing the communications to investors and market analysts.
  • There can be no assurance that the process referred to herein will lead to the approval or completion of any transaction.
  • Converge Technology Solutions Corp. is a software-enabled IT & Cloud Solutions provider focused on delivering industry-leading solutions and services.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/converge-technology-solutions-c...
    SOURCE Converge Technology Solutions Corp.

VNET Announces Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee

Retrieved on: 
Saturday, October 15, 2022
U.S. Securities and Exchange Commission, Wardwell, The Company, City, Government, Growth, LLC, Research, Sustainability Accounting Standards Board, Special committee of the National People's Congress, Nasdaq, Private Securities Litigation Reform Act, Goal, Company, Acquisition, Committee, Board, Board of directors, Internet, Forward-looking statement, Terminology, VNET, VPN, Tripwire (company), Solution, IDC, Public relations

BEIJING, Oct. 14, 2022 /PRNewswire/ --VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, announced that the special committee (the "Special Committee") of the Company's Board of Directors (the "Board") has retained Kroll Securities, LLC and Kroll, LLC (operating through its Duff & Phelps Opinions Practice) as its independent financial advisor, and Davis Polk & Wardwell LLP as its independent legal counsel.

Key Points: 
  • BEIJING, Oct. 14, 2022 /PRNewswire/ --VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, announced that the special committee (the "Special Committee") of the Company's Board of Directors (the "Board") has retained Kroll Securities, LLC and Kroll, LLC (operating through its Duff & Phelps Opinions Practice) as its independent financial advisor, and Davis Polk & Wardwell LLP as its independent legal counsel.
  • The Company does not undertake any obligation to provide any updates with respect to the Proposal or any other transaction, except as required under applicable law.
  • VNET Group, Inc. is a leading carrier- and cloud-neutral Internet data center services provider in China.
  • Among other things, quotations from management in this announcement as well as VNET's strategic and operational plans contain forward-looking statements.

Hailiang Education Announces Completion of Merger

Retrieved on: 
Friday, September 16, 2022
Orrick, Securities Exchange Act of 1934, Special committee of the National People's Congress, Companies Act, Conyers Dill & Pearman, Tripura Merger Agreement, Time, Schedule, ADS, LLC, Form 6-K, U.S. Securities and Exchange Commission, HE, Company, Treasury, Kroll, Sub, Forward-looking statement, Phrase, Per, Student, HLG, Nasdaq, Private Securities Litigation Reform Act, NASDAQ, Committee, Form, ADSS, American depositary receipt, Parent, SEC, Education, Annual report, Form 20-F, VCL, Security (finance), Public relations, Medicine, Mergers and acquisitions

HANGZHOU,China, Sept. 16, 2022 /PRNewswire/ -- Hailiang Education Group Inc. (Nasdaq: HLG) ("Hailiang Education" or the "Company"), an education and management services provider in China, today announced the completion of the merger (the "Merger") with HE Merger Sub Limited ("Merger Sub"), an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Hailiang Education International Limited ("Parent"), pursuant to the previously announced agreement and plan of merger, dated as of May 7, 2022, among the Company, Parent and Merger Sub (the "Merger Agreement").

Key Points: 
  • HANGZHOU,China, Sept. 16, 2022 /PRNewswire/ -- Hailiang Education Group Inc. (Nasdaq: HLG) ("Hailiang Education" or the "Company"), an education and management services provider in China, today announced the completion of the merger (the "Merger") with HE Merger Sub Limited ("Merger Sub"), an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Hailiang Education International Limited ("Parent"), pursuant to the previously announced agreement and plan of merger, dated as of May 7, 2022, among the Company, Parent and Merger Sub (the "Merger Agreement").
  • Pursuant to the Merger, Merger Sub merged with and into the Company, with the Company continuing as the surviving company.
  • About Hailiang Education Group Inc.
    Hailiang Education Group Inc. (Nasdaq: HLG) is an education and management services provider inChina.
  • Hailiang Education is dedicated to providing students with high-quality high school curriculum education, student management services, ancillary educational services, and education and management services, and it strives to maintain the high quality of its students' life, study, and development.

Bright Scholar Announces Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee

Retrieved on: 
Thursday, July 21, 2022
Slate, Acquisition, Education, Special committee of the National People's Congress, U.S. Securities and Exchange Commission, Student, NYSE, Skadden, Sustainability Accounting Standards Board, Private Securities Litigation Reform Act, Securities Exchange Act of 1934, Board, Proposal, Review, Company, Committee, Terminology, Risk management

The Special Committee is continuing its review and evaluation of the Proposal and any alternative strategic options that the Company may pursue.

Key Points: 
  • The Special Committee is continuing its review and evaluation of the Proposal and any alternative strategic options that the Company may pursue.
  • The Board cautions the Company's shareholders and others considering trading the Company's securities that no decisions have been made with respect to the Proposal.
  • The Company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.
  • Bright Scholar also complements its international offerings with Chinese government-mandated curriculum for students who wish to maintain the option of pursuing higher education in China.