Kessler Topaz Meltzer & Check, LLP is investigating Synutra International, Inc. (NASDAQ: SYUT) (“Synutra” or the “Company”) on behalf of the Company’s current shareholders.
Synutra engages it the production, distribution and sale of dairy-based nutritional products under the “Shengyuan” or “Synutra” line of brands in the People’s Republic of China. Beams Power Investment Limited (“Beams Power”), an entity affiliated with Liang Zhang (Synutra’s Chairman and Chief Executive Officer), controls approximately 63% of the Company’s outstanding stock.
Alleged Wrongful Conduct
Kessler Topaz Meltzer & Check, LLP is investigating potential breaches of fiduciary duties by the Company’s Board of Directors relating to the proposed sale of Synutra to Beams Power, Synutra’s controlling shareholder, for $6.05 per share in cash.
If you currently own shares of Synutra International, Inc. (NASDAQ: SYUT) and would like to learn more about our investigation, please fill out our online form or contact us today at (888) 299–7706 or firstname.lastname@example.org.