YaSheng Group (HERB)

[RealDutch]

There is another reason why a merger is more likely. The normal procedure for a buyout is to announce a special (independent) committee. There would be no need to mention or add the corporate governance committee to the address. But for a merger? No, I don't think you need a special committee. It is the corporate governance committee's job to evaluate the fairness of a related party transaction.

I am just wondering if independent board approval + 90% of the votes would suffice to approve the merger deal. IOW, no shareholder approval would be needed? I think that is the case.