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Secoo (SECO) Announces Receipt of Preliminary Non-Binding Going Private Proposal

  • January 11, 2021

POTENTIAL DEAL DETAILS

StockSecoo Holding LimitedSymbolSECO
Date Announced01/11/2021Source Press Release
TypeUnsolicited BidAcquiring Company/Person N/A

Secoo Holding Limited (SECO), ‎Asia’s leading online integrated upscale products and services platform, today announced that its board of directors  has received a preliminary non-binding proposal letter, dated January 10, 2021, from Mr. Richard Rixue Li, founder, Chairman of the Board and Chief Executive Officer of the Company, proposing to acquire all of the outstanding class A ordinary shares of the Company, par value US$0.001 per share , not owned by him or his affiliates for US$3.27 per American depositary share , or US$6.54 per Class A Share in cash in a going private transaction.

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.