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Ossen Innovation Announces the Change of Auditor
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SHANGHAI, April 14, 2021 /PRNewswire/ Ossen Innovation Co., Ltd. (the Company ) (Nasdaq: OSN), a China-based manufacturer of an array of plain surface, rare earth and zinc coated pre-stressed steel materials, today announced the change of auditor from BDO China Shu Lun Pan Certified Public Accountants LLP to WWC, P.C. ( WWC ) as its independent registered public accounting firm for the fiscal year ended December 31, 2020. The Audit Committee and the Board of Directors of the Company approved the appointment of WWC as the Company s independent registered public accounting firm for the fiscal year ended December 31, 2020, effective April 14, 2021.
Ossen Innovation Signs Deal To Be Taken Private
BEIJING (dpa-AFX) - Ossen Innovation Co., Ltd. (OSN), a China-based manufacturer of an array of plain surface, rare earth and zinc coated pre-stressed steel materials, said Thursday it has entered into a plan of merger with New Ossen Group Limited.
New Ossen Group is an exempted company with limited liability incorporated under the Law of the British Virgin Islands, and New Ossen Innovation Limited is a wholly-owned Subsidiary of New Ossen Group.
Under the terms of the deal, New Ossen Group will acquire Ossen Innovation for US$1.70 in cash per ordinary share of the company, or US$5.10 in cash per American Depositary Share of the company. The merger is currently expected to close during the first half of 2021.