Fang Holdings Announces Non-Binding Proposal to Acquire All Outstanding Shares of China Index Holdings (CIH)

  • August 23, 2022


StockChina Index Holdings LimitedSymbolCIH
Date Announced08/23/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Fang Holdings Limited

Fang Holdings Limited, a leading real estate Internet portal in China, announced that it has submitted to the board of directors of China Index Holdings Limited (CIH), a leading real estate information and analytics service platform provider in China, a preliminary non-binding proposal to acquire all outstanding Class A and Class B ordinary shares of China Index Holdings Limited, including Class A ordinary shares represented by American depositary shares (“ADSs”, each representing one Class A ordinary share), that are not currently owned by the Company in a going-private transaction at a purchase price of US$0.84 per share or per ADS.

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