|By PR Newswire||
|April 7, 2014 05:32 PM EDT||
NEW YORK, April 7, 2014 /PRNewswire/ -- 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 [email protected] 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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP
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