China Customer Relations Centers Shareholders Support Going Private Transaction

  • Chinese e-commerce and financial services BPO service provider China Customer Relations Centers Inc’s CCRC stockholders approved the company’s going-private transaction.
  • On March 12, Taiying Group Ltd and subsidiary Taiying International Inc agreed to acquire CCRC for $6.50 per share. The purchase price signified a 37.7% premium to CCRC’s November 27 closing price of $4.72, the last trading day before receiving the going-private proposal.
  • Price action: CCRC shares traded higher by 0.72% at $6.27 in the premarket session on the last check Friday.
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