Fuling Global (FORK) approached by the Buyer Group

POTENTIAL DEAL DETAILS

Fuling Global Inc. (FORK), a manufacturer and distributor of mainly environmentally-friendly plastic and paper foodservice disposable products, today announced that its board of directors has received a preliminary non-binding proposal letter, dated June 20, 2020, from Ms. Guilan Jiang, founder and chairwoman of the Board of the Company on behalf of herself and her extended family members who are shareholders of the Company, and Mr. Qijun Huang, an individual financial investor (together with Ms. Jiang and the Founder Family, the “Buyer Group”), to acquire all of the outstanding ordinary shares of the Company that are not already held by the Buyer Group for a purchase price of $2.18 per share, in cash.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.