Jinpan International shareholders approve merger agreement
USA, New Jersey: Cast resin transformer manufacturer Jinpan International Limited has announced that the company's shareholders voted in favour of the proposal to authorize and approve the previously announced merger agreement among the company, FNOF E&M Investment Limited and Silkwings Limited.
USA, New Jersey: Cast resin transformer manufacturer Jinpan International Limited has announced that the company’s shareholders voted in favour of the proposal to authorize and approve the previously announced merger agreement among the company, FNOF E&M Investment Limited and Silkwings Limited.
According to the merger agreement, Silkwings Limited will merge with and into Jinpan International Limited, with Jinpan International continuing as the surviving company and a wholly owned subsidiary of FNOF E&M Investment Limited, reports PR Newswire.
If the merger is completed, Jinpan International will become a privately held company and its common shares will no longer be listed on NASDAQ Global Select Market.
Source: PR Newswire
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