Item 8.01. Other Events
On April 27, 2020, the Company issued a press release announcing that
Institutional Shareholder Services Inc. ("ISS") has recommended that SORL
stockholders vote "FOR" the ?proposed going private transaction for $4.72 per
share of common stock in cash, as contemplated in the ?Company's previously
announced Agreement and Plan of Merger (the "Merger Agreement"), dated as of
?November 29, 2019, with Ruili International Inc. ("Parent"), and Ruili
International Merger Sub Inc. ??("Merger Sub"), pursuant to which Merger Sub
will be merged with and into the Company (the "Merger"), ?with the Company
surviving the Merger as a wholly-owned subsidiary of Parent.
Parent has also informed the Company that Parent (through its affiliate) has
completed and obtained all of the required regulatory approvals to consummate
the Merger, including the overseas investment registration with Zhejiang
Provincial Development and Reform Commission, the outbound investment
registration with Zhejiang Provincial Department of Commerce and the
registration with Rui'an branch of the State Administration of Foreign Exchange
of the People's Republic of China. A copy of the press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
Exhibits
99.1 Press Release, dated April 27, 2020.
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