Royal Network selected privatization transaction Evaluation Advisory Body

Sina Science and technology news Beijing time November 15, the Royal Network (Nasdaq:snda) today in the U.S. Securities and Exchange Commission (SEC) regulatory documents disclosed that the company's board of Directors of the Special Committee has been selected advisory bodies.　　A special Committee of the Board was set up to evaluate the privatization proposals of the company's chairman, CEO and President Chen and his family.　　The Special Committee confirmed that it had hired BofA Merrill Lynch as a financial advisor, hired a law firm Weil, Gotshal & Manges as the US legal adviser, hired law firms Maples and Calder as Caimas, Is. Legal advisers to assist the Special Committee in its assessment work. The Special Committee will continue to assess this proposal, but it does not ensure that transactions can be reached. Unless the board deems it necessary to release the latest news, the company will not disclose the latest developments. (Ding Macro)