TAI'AN, China, Nov. 30, 2020 /PRNewswire/ -- China Customer
Relations Centers, Inc. (Nasdaq: CCRC) ("CCRC" or the
"Company"), a leading e-commerce and financial services
business process outsourcing ("BPO") service provider in
China, today announced that its
board of directors (the "Board") has received a preliminary
non-binding proposal letter dated November
27, 2020 jointly submitted by its founder and chairman of
the Board, Mr. Zhili Wang, Mr.
Debao Wang, Mr. Guoan Xu, Mr. Qingmao Zhang, Mr. Long Lin, Mr. Jishan
Sun and their respective affiliated entities (collectively,
the "Buyer Group"), to acquire all of the outstanding shares
of the Company not already owned by the Buyer Group in a going
private transaction for $5.37 per
share in cash (the "Proposal"). A copy of the proposal
letter is attached hereto as Annex A.
CCRC's Board has formed a special committee of independent and
disinterested directors (the "Special Committee") consisting
of Tianjun Zhang, Owens Meng, and
Jie Xu with Tianjun Zhang servicing as the chairman of the
Special Committee, to consider the Proposal. The Special Committee
has retained Houlihan Lokey
(China) Limited as its financial
advisor and Hogan Lovells as its international legal
counsel in connection with its review and evaluation of the
Proposal.
The Board cautions the Company's shareholders and others
considering trading in the Company's securities that no decision
has been made on the response to the Proposal. There can be no
assurance that any definitive offer will be made, that any
agreement will be executed or that this or any other transaction
will be approved or consummated. The Company does not undertake any
obligation to provide any updates with respect to this or any other
transaction, except as required under applicable law.
About China Customer Relations Centers, Inc.
The Company is a leading e-commerce and financial services BPO
service provider in China focusing
on the complex, voice-based and online-based segments of customer
care services, including:
- customer relationship management;
- technical support;
- sales;
- customer retention;
- marketing surveys; and
- research.
The Company's service is currently delivered in Provinces of
Shandong, Jiangsu, Henan, Guangdong, Yunnan, Hubei, Sichuan, Hebei, Anhui,
Xinjiang, Guangxi, Jiangxi, Heilongjiang, and Chongqing. More information about the Company
can be found at: www.ccrc.com.
Safe Harbor Statements
Certain statements contained in this announcement may be viewed
as "forward-looking statements" within the meaning of Section 27A
of the U.S. Securities Act of 1933, as amended, and Section 21E of
the U.S. Securities Exchange Act of 1934, as amended. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual
performance, financial condition or results of operations of the
Company to be materially different from any future performance,
financial condition or results of operations implied by such
forward-looking statements. The accuracy of these statements may be
impacted by a number of business risks and uncertainties that could
cause actual results to differ materially from those projected or
anticipated. The Company undertakes no ongoing obligation, other
than that imposed by law, to update these statements.
For further information, please contact
Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1-718-213-7386
View original
content:http://www.prnewswire.com/news-releases/china-customer-relations-centers-inc-announces-receipt-of-preliminary-non-binding-going-private-proposal-and-formation-of-special-committee-301181343.html
SOURCE China Customer Relations Centers, Inc.