At an extraordinary general meeting this week, shareholders — representing about 65.6% of the company's total outstanding ordinary shares — approved a proposal to merge the Zhongshan-based manufacturer with Regal Ally, a wholly-owned unit of Zhongshan Ruisheng Antai Investment.
Approximately 90.9% of the shareholders in attendance voted in favour of the planned transaction, which would make Ming Yang a privately held company and the surviving post-merger entity under Cayman Islands law.
Its
