WILMINGTON, DE / ACCESSWIRE / July 8, 2019 / Rigrodsky & Long, P.A.:
- Do you own shares of Highpower International, Inc. (NASDAQ GM: HPJ)?
- Did you purchase any of your shares prior to June 28, 2019?
- Do you think the proposed buyout is fair?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Highpower International, Inc. (“Highpower International” or the “Company”) (NASDAQ GM: HPJ) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by HPJ Parent Limited ("HPJ Parent"), a company formed by a consortium consisting of Mr. Dang Yu (George) Pan, the Company's Chairman and Chief Executive Officer and a stockholder of the Company, Mr. Wen Liang Li, a director and stockholder of the Company, Mr. Wen Wei Ma, a stockholder of the Company, and Essence International Capital Limited, a company incorporated in Hong Kong (collectively, the “Consortium”). Under the terms of the agreement, shareholders of Highpower International will receive $4.80 in cash for each share of Highpower International common stock owned.
If you own common stock of Highpower International and purchased any shares before June 28, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at firstname.lastname@example.org, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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SOURCE: Rigrodsky & Long, P.A.
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