Business News • MarketWire • The Greater China Fund, Inc. (NYSE: GCH) and Aberdeen Asset Management Asia Limited Jointly Respond to JF China Region Fund, Inc. Merger Proposal |
The Greater China Fund, Inc. (NYSE: GCH) and Aberdeen Asset Management Asia Limited Jointly Respond to JF China Region Fund, Inc. Merger Proposal |
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The Greater China Fund, Inc. (NYSE: GCH) and Aberdeen Asset Management Asia Limited Jointly Respond to JF China Region Fund, Inc. Merger Proposal
NEW YORK, NY and PHILADELPHIA, PA--(Marketwire - Oct 26, 2012) - The Greater China Fund, Inc. (NYSE: GCH) (the "Fund") and Aberdeen Asset Management Asia Limited ("Aberdeen") jointly announced a response to the October 23, 2012 press release by The JF China Region Fund, Inc. ("JFC") proposing to merge the Fund with and into JFC. This follows the Fund's announcement on August 1, 2012 that the Board believes such a merger is not in the best interests of the Fund and its shareholders and the joint announcement by the Fund and Aberdeen on September 18, 2012, that the Board had voted unanimously to approve and to recommend that stockholders of the Fund approve an Investment Management Agreement (the "Proposed Agreement") between the Fund and Aberdeen.
View More : http://www.marketwire.com/mw/release.do?id=1718577&sourceType=3
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