American Investors Left in Lurch with Proposed Chinese Management Buyout
August 13, 2015 at 13:28 PM EDT
Dublin, CA -- (SBWIRE) -- 08/13/2015 -- Long-term investors of E-Commerce China Dangdang (NYSE:DANG) ("Dangdang") aren't ready to surrender their shares to a potentially forced management buyout and are calling for SEC to investigate. "Shareholders are outraged by the act of Dangdang's CEO and Chairwoman on July 9th, 2015. The management's tactics to take unfair advantage of investors should be thoroughly investigated by the SEC." said investor Susan Reiter of Seattle, Washington. She has been an investor of Dangdang since 2011.