TAI'AN, China, Nov. 29, 2018 /PRNewswire/ — China Customer
Relations Centers, Inc. (Nasdaq: CCRC) ("CCRC" or the
"Company"), a leading call center business process
outsourcing ("BPO") enterprise based in China, today announced that the independent
committee (the "Independent Committee") of the Company's
board of directors (the "Board") has retained Duff
& Phelps (Duff & Phelps, LLC and Duff & Phelps
Securities, LLC) as its financial advisor, Sidley Austin LLP as its
international legal counsel, and Maples and Calder (Hong Kong) LLP as its British Virgin Islands legal counsel in
connection with its review and evaluation of the preliminary
non-binding proposal letter dated November
10, 2018 from Mr. Zhili Wang
("Mr.Wang"), the Company's founder, chairman of the Board
and chief executive officer and Guangzhou Cornerstone Asset
Management Co., Ltd. (together with Mr. Wang, the "Buyer
Group"), to acquire all of the outstanding shares of the
Company not already owned by the Buyer Group in a going private
transaction (the "Proposal").
The Company's directors caution
the Company's shareholders and others considering trading in the
Company's securities that no decision has been made on the response
to the Proposal. There can be no assurance that any definitive
offer will be made, that any agreement will be executed or that
this or any other transaction will be approved or consummated. The
Company does not undertake any obligation to provide any updates
with respect to this or any other transaction, except as required
under applicable law.
About China Customer Relations Centers, Inc.
(http://www.ccrc.com)
China Customer Relations Centers, Inc. (NASDAQ: CCRC) is a
leading call center BPO enterprise based in China. CCRC
primarily focuses on the complex customer care services, including
customer relationship management, technical support, sales,
customer relation, marketing surveys and research. CCRC's service
is currently delivered from call centers located at over 25 cities
across 14 provinces, autonomous regions and municipalities in
China, including Shandong, Jiangsu, Anhui, Hebei,
Xinjiang, Guangxi, Jiangxi, Chongqing, Beijing, Henan, Sichuan, Guangdong, Heilongjiang, and Yunnan.
Safe Harbor Statements
Certain statements contained in this announcement may be viewed
as "forward-looking statements" within the meaning of Section 27A
of the U.S. Securities Act of 1933, as amended, and Section 21E of
the U.S. Securities Exchange Act of 1934, as amended. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual
performance, financial condition or results of operations of the
Company to be materially different from any future performance,
financial condition or results of operations implied by such
forward-looking statements. The accuracy of these statements may be
impacted by a number of business risks and uncertainties that could
cause actual results to differ materially from those projected or
anticipated. The Company undertakes no ongoing obligation, other
than that imposed by law, to update these statements.
For further information, please contact
Tony Tian, CFA
Weitian Group LLC
Email: tony.tian@weitian-ir.com
Phone: +1-732-910-9692
View original
content:http://www.prnewswire.com/news-releases/china-customer-relations-centers-inc-engages-financial-and-legal-advisors-300757839.html
SOURCE China Customer Relations Centers, Inc.