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New York, New York--(Newsfile Corp. - June 16, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased China XD Plastics Company Limited ("China XD" or the "Company") (NASDAQ: CXDC) stock prior to June 15, 2020.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of China XD to Mr. Jie Han, the chairman of board of directors and chief executive officer of the Company, through his company Faith Dawn Limited ("Faith Dawn"). Under the terms of the merger, Faith Dawn will acquire all of the outstanding common shares of China XD for cash consideration equal to $1.20 per share. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
The China XD merger investigation concerns whether the Board of China XD breached their fiduciary duties to stockholders by failing to fully explore the company's options before agreeing to enter into this transaction and whether Mr. Jie Han, through Faith Dawn, is underpaying for China XD shares, thus unlawfully harming China XD shareholders.
Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/57972