Ming Yang makes committee to evaluate 'going private' offer

• Ming Yang's (NYSE:MY) Board has formed a special committee of independent directors to evaluate the preliminary non-binding proposal from CEO Chuanwei Zhang to acquire all of the company's outstanding shares.
• The company cautions shareholders that the Board and Special Committee have not yet made a decision, and do not undertake any obligation to provide updates with respect to a potential transaction (except as required under law).
• MY +2.8% premarket
• Previously: Ming Yang receives 'going private' offer (Nov. 02 2015)