PUJIANG INTERNATIONAL GROUP LIMITED

Ossen Innovation Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company

Retrieved on: 
Wednesday, September 16, 2020
Financial markets, Finance, Equity securities, Financial economics, Corporate finance, Stock market, Depositary receipts, Fundamental analysis, Shares outstanding, Share, American depositary receipt

We beneficially own approximately 65.9% of all the issued and outstanding shares in the Company, based on the Company's latest outstanding number of shares as publicly disclosed.

Key Points: 
  • We beneficially own approximately 65.9% of all the issued and outstanding shares in the Company, based on the Company's latest outstanding number of shares as publicly disclosed.
  • We are confident in our ability to consummate the proposed Transaction as outlined in our Proposal.
  • We propose to acquire all of the outstanding ordinary shares of the Company and the American Depositary Shares of the Company (each, an "ADS", representing three (3) ordinary shares of the Company).
  • We would like to express our commitment to working collaboratively with the Company to bring the Transaction to a successful and timely conclusion.