Fang Holdings Limited (SFUN) Announces Receipt of Non-Binding Going Private Proposal

  • December 1, 2020


StockFang Holdings LimitedSymbolSFUN
Date Announced11/30/2020Source Press Release
TypeUnsolicited BidAcquiring Company/Person N/A

Fang Holdings Limited (SFUN), a leading real estate Internet portal in China, today announced that its board of directors has received a preliminary and non-binding proposal letter, dated November 30, 2020, from General Atlantic Singapore Fund Pte. Ltd., a company incorporated in Singapore, proposing to acquire all of the outstanding shares and American Depositary Shares of the Company not currently owned by the Proposing Buyer in a “going-private” transaction for US$1.468 per Share (or US$14.68 per ADS) in cash, subject to certain conditions.

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