NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of China Fire & Security Group (Nasdaq: CFSG) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a proposal from a private equity firm to purchase all outstanding shares of China Fire stock for cash. Under the proposal, the private equity firm is willing to structure the proposed acquisition to allow the existing members of the Company's management to exchange all or part of their equity interests in the Company into equity securities in the post-acquisition company.
The investigation concerns whether the China Fire Board of Directors is breaching their fiduciary duties to China Fire stockholders by failing to take the necessary steps to maximize shareholder value. The chairman of the board and chief executive officer of the Company holds approximately 56% of the outstanding shares of China Fire.
If you own common stock in China Fire and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/china-fire-security.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.