|[April 09, 2014]
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Sino Gas International Holdings, Inc. and Its Board of Directors In Connection With the Sale of the Company to Prosperity Gas Holdings Limited
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Sino Gas
International Holdings, Inc. ("Sino Gas" or "the Company") (OTC MKTS:
SGAS) for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Prosperity Gas
Holdings Limited, a company beneficially owned by Sino Gas CEO Yuchuan
Liu, an affiliate or affiliates of Morgan Stanley Private Equity Asia
and Zhongyu Gas Holdings Limited. Currently, Mr. Liu beneficially owns
an aggregate of approximately 11.3% of the outstanding shares of the
Company's common stock.
Click here to learn more about the action http://zlk.9nl.com/sino-gas-international-sgas,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Sino Gas shareholders will receive
$1.30 in cash for each share of Sino Gas common stock they own. The
investigation concerns whether the Sino Gas Board of directors breached
their fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Prosperity Gas Holdings Limited is underpaying for Sino Gas shares.
If you own Sino Gas common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/sino-gas-international-sgas.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
[ Back To TMCnet.com's Homepage ]