The Rosen Law Firm is investigating the Board of Directors of China Nuokang Bio-Pharmaceutical Inc. (NASDAQ: NKBP) for possible breaches of fiduciary duty and other violations of corporate law in connection with a going private proposal from Kingbird Investment Inc., beneficially owned by Ms. Yuhuan Zhu – the wife of Nuokang's Chairman and CEO, Mr. Baizhong Xue.
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Under the terms of the proposal, offered by Kingbird Investment, shareholders will receive $5.80 for each American Depository Share (“ADS”) or $0.725 for each common share of Nuokang they own. The investigation relates to whether the proposal for $5.80/ADS is fair to public shareholders and whether Nuokang’s Board fiduciary duties in connection with the offer.
If you own shares of Nuokang 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 email@example.com or firstname.lastname@example.org.The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.