Oct 15, 2012. /Lesprom Network/. The Rosen Law Firm is investigating the Board of Directors of China Shengda Packaging Group Inc. (CPGI) for possible breaches of fiduciary duty and other violations of state law in connection with a going private proposal from its Chairman, as the company said in the press release received by Lesprom Network. Under the terms proposed by CPGI’s Chairman Mr. Nengbin Fang, he will pay shareholders $1.40 for each share of China Shengda Packaging stock they own. The investigation relates to whether the proposal for $1.40 per share is fair to public shareholders and whether China Shengda Packaging’s Board breached its fiduciary duties in connection with the offer. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. China Shengda Packaging Group Inc. is a leading paper packaging company in China. It is principally engaged in the design, manufacturing and sale of flexo-printed and color-printed corrugated paper cartons in a variety of sizes and strengths. It also manufactures corrugated paperboards, which are used for the production of its flexo-printed and color-printed cartons.