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Fanhua (FANH) Announces Receipt of Non-Binding Going Private Proposal

  • December 16, 2021

POTENTIAL DEAL DETAILS

StockFanhua Inc.SymbolFANH
Date Announced12/16/2021Source Press Release
TypeUnsolicited BidAcquiring Company/Person N/A

Fanhua Inc. (FANH), a leading independent financial services provider in China, announced that its Board of Directors has received a preliminary non-binding proposal letter dated December 16, 2021, from a consortium led by Mr. Yinan Hu, founder and a director of the Company, to acquire all of the outstanding ordinary shares of the Company not already owned by the Consortium.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.