CHONGQING, China, April 20, 2016 /PRNewswire/ -- Country Style
Cooking Restaurant Chain Co., Ltd. (NYSE: CCSC) ("Country
Style Cooking" or the "Company"), a fast-growing quick service
restaurant chain in China, today
announced that, at an extraordinary general meeting held today, the
Company's shareholders voted in favor of the proposal to authorize
and approve the previously announced agreement and plan of merger
dated December 17, 2015 (the "Merger
Agreement"), among the Company, Country Style Cooking Restaurant
Chain Holding Limited ("Parent") and Country Style Cooking
Restaurant Chain Merger Company Limited ("Merger Sub"), pursuant to
which, Merger Sub will be merged with and into the Company with the
Company continuing as the surviving company and becoming a wholly
owned subsidiary of Parent (the "Merger"), and the plan of merger
required to be filed with the Registrar of Companies of the
Cayman Islands (the "Plan of
Merger") and the transactions contemplated thereby, including the
Merger.
Approximately 98.09% of the ordinary shares voted in person or
by proxy at today's meeting were voted in favor of the proposal to
authorize and approve the Merger Agreement, the Plan of Merger and
the transactions contemplated thereby, including the Merger.
Completion of the Merger is subject to the satisfaction or
waiver of the conditions set forth in the Merger Agreement. The
Company will work with various other parties to the Merger
Agreement to satisfy all other conditions precedent to the Merger
set forth in the Merger Agreement and complete the Merger as
quickly as possible. If and when completed, the Merger will result
in the Company becoming a privately held company and its American
depositary shares, each representing four ordinary shares of the
Company, will no longer be listed on the New York Stock
Exchange.
About Country Style Cooking Restaurant Chain Co.,
Ltd.
Country Style Cooking Restaurant Chain Co., Ltd. (NYSE: CCSC) is
a fast-growing quick service restaurant chain in China, offering delicious, everyday Chinese
food to customers who desire fast and affordable quality meals.
Country Style Cooking directly operates all of its restaurants and
is the largest quick service restaurant chain in Chongqing municipality, home to Sichuan cuisine, one of the best-known Chinese
regional cuisines. Additional information about Country Style
Cooking can be found at http://ir.csc100.com.
Safe Harbor Statements
All statements other than statements of historical fact
contained in this release, including statements regarding future
results of the operations of the Company are forward-looking
statements, which are made under the "safe harbor" provisions of
the U.S. Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include, among others, those concerning
the expected timing of the completion of the Merger; the
possibility that various closing conditions for the Merger may not
be satisfied or waived and the Merger may not occur and other risks
and uncertainties discussed in documents filed with the U.S.
Securities and Exchange Commission by the Company, including the
Schedule 13E-3 transaction statement and the proxy statement. These
forward-looking statements are subject to a number of risks,
uncertainties and assumptions that could cause actual results to
differ materially. Uncertainties and assumptions and the
forward-looking events and circumstances discussed in this release
are inherently uncertain and may not occur, and actual results
could differ materially and adversely from those anticipated or
implied in the forward-looking statements. Accordingly, you should
not rely upon forward-looking statements as predictions of future
events. The Company does not undertake any obligation to update
publicly or revise any forward-looking statements for any reason
after the date of this release, nor to conform these statements to
actual results, future events, or to changes in the Company's
expectations.
Contacts:
Country Style Cooking Restaurant Chain Co., Ltd.
Phone: +86-23-8866-8866
E-mail: ir@csc100.com
ICR Inc.
Bill Zima
Phone: +86-10-6583-7511 or +1-646-328-2520
E-mail: bill.zima@icrinc.com
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SOURCE Country Style Cooking Restaurant Chain Co., Ltd.