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The Rosen Law Firm is investigating the Board of Directors of Yucheng Technologies Limited (NASDAQ: YTEC) for possible breaches of fiduciary duty and other violations of state law in connection with a going private proposal from New Sihitech Limited – a British Virgin Islands company wholly-owned by Yucheng Tecnologies’ Chairman and Chief Executive Officer, Mr. Weidong Hong – and its subsidiary, New Sihitech Acquisition Limited.
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Under the terms of the proposal, offered by New Sihitech Limited and New Sihitech Acquisition Limited, shareholders will receive $3.90 for each share of Yucheng Technologies stock they own. The investigation relates to whether the proposal for $3.90/share is fair to public shareholders and whether Yucheng Technologies’ Board breached its fiduciary duties in connection with the offer.
If you own Yucheng Techologies common stock and wish to obtain additional information, you may contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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