12:25 ETShareholder Alert: Ademi LLP investigates whether Cloopen Group Holding Limited is obtaining a Fair Price for Public Shareholders
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Ademi LLP is investigating Cloopen Group Holding Limited (OTC: RAASY) for potential breaches of fiduciary duty related to its recent transaction with a consortium led by CEO Changxun Sun. The investigation focuses on whether the Cloopen board is acting in the best interests of shareholders, as the deal includes significant penalties for accepting competing bids. Shareholders are set to receive $0.4940 per ordinary share and $2.9641 per American Depositary Share in a transaction valued at approximately $162.89 million.
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