Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Top Links You Must Click On


China Shengda Packaging Group Chairman Withdraws Preliminary Offer to Take Company Private

HANGZHOU, China, Nov. 13, 2012 /PRNewswire-FirstCall/ -- China Shengda Packaging Group Inc. (NASDAQ: CPGI), ("China Shengda Packaging" or the "Company") a leading Chinese paper packaging manufacturer, today announced, that the special committee of its board of directors (the "Board") has received a letter (the "Letter") from its Chairman, Mr. Nengbin Fang ("Mr. Fang"), withdrawing the preliminary non-binding proposal that he submitted to the Board on October 15, 2012 to acquire all of the shares of common stock of the Company that are not currently owned by him and his family in a going-private transaction, although he intends to continue to pursue a possible going-private transaction with respect to the Company. Mr. Fang stated in an amendment to his Schedule 13D filing with the Securities and Exchange Commission that he is in preliminary discussions with a limited number of shareholders of the Company and potential debt financing sources, including VStone Investment Management Limited, in each case regarding their potential participation in a going private transaction, and that he may approach one or more other shareholders of the Company for such purpose. There can be no assurance, however, that Mr. Fang will make another proposal to take the Company private in the future or that if he does make another proposal to take the Company private that it will be consummated.

A copy of the Letter is attached as Exhibit A.

About China Shengda Packaging Group Inc.

China Shengda Packaging Group Inc. is a leading paper packaging company in China. It is principally engaged in the design, manufacturing and sale of flexo-printed and color-printed corrugated paper cartons in a variety of sizes and strengths. It also manufactures corrugated paperboards, which are used for the production of its flexo-printed and color-printed cartons. The company provides paper packaging solutions to a wide variety of industries, including food, beverage, cigarette, household appliance, consumer electronics, pharmaceuticals, chemicals, machinery and other consumer and industrial sectors in China. For more information, visit http://www.cnpti.com.

Safe Harbor Statement

This press release may contain forward-looking statements. Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company's ability to secure debt financing, the ability to complete the proposed transaction, the ability to obtain approvals required to consummate the transaction, the ability to develop and market new products, the ability to access capital for expansion and continued investment in R&D, the ability to acquire other companies, changes from anticipated levels of sales, changes in national or regional economic and competitive conditions, changes in relationships with customers, changes in profit margins of principal product and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Company Contact:                                     

Investor Relations Contact:       

China Shengda Packaging Group Inc.                   

CCG Investor Relations

Cindy Hu, Board Secretary                                 

Mark Collinson

Tel: +86-571 8283 8770                               

Tel: +1-310-954-1343

E-mail: cindy.hu@cnpti.com                                  

Email: mark.collinson@ccgir.com


Exhibit A

    November 13, 2012

    The Special Committee of the Board of Directors of China Shengda Packaging Group Inc.
    No. 2 Beitang Road
    Xiaoshan Economic and Technological Development Zone
    Hangzhou, Zhejiang Province 311215
    People's Republic of China

Dear Sirs:

Reference is made to the preliminary non-binding proposal (the "Proposal") that I, Nengbin Fang, submitted to the board of directors of China Shengda Packaging Group Inc. (the "Company") on October 15, 2012 stating my intention to acquire all of the shares of common stock of the Company that are not currently owned by me or my family in a going-private transaction for cash consideration of US$1.40 per share.

Although I intend to continue to pursue a possible going-private transaction with respect to the Company, I have decided to withdraw the Proposal.  I will promptly file an amendment to Schedule 13D with respect to this withdrawal. 

I would like to personally express my sincerity to thank the members of the special committee for your hard work in evaluating the Proposal.

Should you have any questions regarding these matters, please do not hesitate to contact me.

Sincerely,

/s/ Nengbin Fang

     Nengbin Fang 

 

SOURCE China Shengda Packaging Group Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Enterprise Open Source Magazine Latest Stories . . .
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the le...
Over the past year, Microsoft has been introducing Azure Resource Manager (ARM) as the preferred way to provision and manage resources in its Azure cloud. ARM is the successor to the original Service Management model, also known as “Classic.”[1] While Classic will continue to be suppor...
I attended a HIVE-sponsored Meetup yesterday evening titled, “Rocking the database world with RocksDB”. Since I had never heard of RocksDB, I was curious to learn how it is rocking the database world. Facebook built this key value store storage layer originally to use for MySQL (ins...
Since launching SwaggerHub in 2015, we've received a ton of great feedback from users about how we can improve the platform to help teams collaborate on and coordinate more effectively across the workflow of the API cycle. To kick off 2016, we are excited to announce a few significant...
Most of the Java developers I know don’t like JavaScript. Initially. They would give you different reasons why, but the real one is simple: too much to learn to make it work. For many Java developers creating the front end of a Web application in JavaScript is a chore to write and a bu...
The Linux Foundation, the nonprofit organization enabling mass innovation through open source, and Linux Academy today announced a new partnership to provide subscription-based Linux training for SysAdmins at a discounted rate. Those interested in receiving access to all of Linux Acade...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE