3SBio selects legal counsel in connection with going private proposal

theflyonthewall.com

3SBio Inc. announced that the special committee of independent directors (the "Independent Committee") has retained Cleary Gottlieb Steen & Hamilton LLP as the Independent Committee's legal counsel. As previously announced, the Company's board of directors formed the Independent Committee to review and evaluate the preliminary non-binding proposal dated September 12, 2012 from its chairman and chief executive officer, Dr. Jing Lou, and CPEChina Fund, L.P.,to acquire all of the outstanding shares of the Company's common stock not currently owned by Dr. Lou and his affiliates.

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