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China Customer Relations Centers, Inc. Announces Financial Results for the Full Year 2020 as Compared to Full Year 2019


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TAI AN, China, May 17, 2021 /PRNewswire/ China Customer Relations Centers, Inc. (NASDAQ: CCRC) ( CCRC or the Company ), a leading e-commerce and financial services business process outsourcing ( BPO ) service provider in China, today announced its financial results for the year ended December 31, 2020.
Full Year of 2020 Financial Results
Revenues
For the year ended December 31, 2020, revenues increased by $66.91 million, or 38.6%, to $240.32 million from $173.41 million for the same period of the prior year. Our revenue growth in the year of 2020 resulted primarily from acquiring new customers and increased sales volumes to our existing clients.
We continued to increase our service capacity, which increased by 6,889 seats, or 30.8%, to 29,249 seats as of December 31, 2020 from 22,360 seats at the end of 2019.  ....

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China Customer Relations Centers, Inc. to Hold Extraordinary General Meeting of Shareholders


Press release content from PR Newswire. The AP news staff was not involved in its creation.
China Customer Relations Centers, Inc. to Hold Extraordinary General Meeting of Shareholders
May 7, 2021 GMT
TAI’AN, China, May 7, 2021 /PRNewswire/ China Customer Relations Centers, Inc. (Nasdaq: CCRC) (the “Company”), a leading e-commerce and financial services business process outsourcing (“BPO”) service provider in China, today announced that it has called an extraordinary general meeting of shareholders (the “EGM”), to be held on June 18, 2021 at 9:00 a.m. (Beijing Time), at the Company’s office located at 1366 Zhongtianmen Dajie, Xinghuo Science and Technology Park, High-tech Zone, Taian City, Shandong Province, 271000, People’s Republic of China, to consider and vote on, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the “Merger Agreement”), dated March 12, 2021, by and among the Com ....

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China Customer Relations Centers, Inc. Enters into Definitive Merger Agreement for Going Private Transaction


Company ), a leading e-commerce and financial services business process outsourcing (
BPO ) service provider in China, today announced that it has entered into a definitive Agreement and Plan of Merger (the
Merger Agreement ) with Taiying Group Ltd. (
Parent ) and Taiying International Inc. (
Merger Sub ), a wholly-owned subsidiary of Parent.
Pursuant to the Merger Agreement, Parent will acquire the Company for a cash consideration equal to US$6.50 per share of the Company (each, a
Share ). This amount represents a premium of 37.7% over the Company s closing price of US$4.72 per Share on November 27, 2020, the last trading day prior to November 30, 2020, the date that the Company announced it had received a going-private proposal, and a premium of 37.8% to the volume-weighted average closing price of the Company s Shares during the 60 trading days prior to November 30, 2020. This amount also represents an increase of approximately 21.0% over the US ....

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