Cogo Announces Results of Annual General Meeting
SHENZHEN, China, Nov. 19, 2013
SHENZHEN, China, Nov. 19, 2013 /PRNewswire/ -- Cogo Group, Inc. (NASDAQ: COGO)
("Cogo" or the "Company"), a provider of supply chain financial services and
enterprise solutions for the technology industry in China, today announced
that all four proposals presented to shareholders at the Company's Annual
General Meeting were approved by shareholders. The following is a list of the
proposals that were approved:
1.The election of the five directors named in the proxy statement to the
board of directors;
2.The sale and purchase agreement and the related transaction with Brilliant
Group Global Limited ("Brilliant Group");
3.The change in the Company's name to "Viewtran Group, Inc."; and
4.The appointment of KPMG as the Company's independent auditors for the
fiscal year ending December 31, 2013.
Additional information about each of the proposals is available in the
Company's proxy statement filed as exhibit 99.1 to the Report of Foreign
Private Issuer on Form 6-K filed with the SEC on October 21, 2013.
About Cogo Group, Inc.:
Cogo Group, Inc. (Nasdaq: COGO) is a provider of supply chain financial
services and enterprise solutions for the technology industry in China. With
its comprehensive understanding of the industry and an extensive range of
supply chain financial services, Cogo is uniquely positioned to deliver
effective technology and financing solutions to customers. The Company
simplifies the acquisition of the latest technologies through flexible,
tailored and one-stop services, helping organizations maintain their
competitiveness, especially in uncertain economic times.
For further information:
H.K.: +852 2730 1518
U.S.: +1 (646) 291 8998
Fax: +86 755 2674 3522
Safe Harbor Statement:
This press release includes certain statements that are not descriptions of
historical facts, but are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
and Exchange Act of 1934. These forward-looking statements may include
statements about our proposed discussions related to our business or growth
strategy, which are subject to change. Such information is based upon
expectations of our management that were reasonable when made, but may prove
to be incorrect. All such assumptions are inherently subject to uncertainties
and contingencies beyond our control and upon assumptions with respect to
future business decisions, which are subject to change. For further
descriptions of other risks and uncertainties, see our most recent Annual
Report filed with the Securities and Exchange Commission (SEC) on Form 20-F,
and our subsequent SEC filings. Copies of filings made with the SEC are
available through the SEC's electronic data gathering analysis retrieval
system (EDGAR) at www.sec.gov.
SOURCE Cogo Group, Inc.
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