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TuanChe (TC) Announces Receipt of Preliminary Non-Binding Going Private Proposal

  • January 21, 2021


StockTuanChe LimitedSymbolTC
Date Announced01/21/2021Source Press Release
TypeUnsolicited BidAcquiring Company/Person chairman and CEO, Mr. Wei Wen

TuanChe Limited (TC), a leading omni-channel automotive marketplace in China, today announced that its board of directors has received a preliminary non-binding proposal letter dated January 21, 2021 from its chairman and chief executive officer, Mr. Wei Wen, proposing to acquire all of the outstanding ordinary shares of the Company, including Shares represented by American depositary shares , that are not already owned by Mr. Wen for a purchase price of US$4.25 per ADS in cash in a going private transaction.

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