POTENTIAL DEAL DETAILS
|Stock||Yintech Investment Holdings Limited||Symbol||YIN|
|Date Announced||06/22/2020||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||Rollover Shareholders|
|Date of Confirmation:||08/17/2020||Price at Confirmation:||$7.18|
|Potential Profit:||9.62%||Annualized Profit:||62.69%|
Yintech Investment Holdings Limited (YIN), a leading provider of investment and trading services for individual investors in China, today announced that its board of directors (the “Board”) has received a preliminary non-binding proposal letter, dated June 22, 2020, from Mr. Wenbin Chen, co-founder, Chairman of the Board and Chief Executive Officer of Yintech, Mr. Ming Yan, co-founder and director of Yintech, and Ms. Ningfeng Chen, co-founder and director of Yintech (collectively, the “Buyer Group”), to acquire all of the outstanding ordinary shares of the Company that are not already held by the Buyer Group for a purchase price of US$6.80 per American Depositary Share, or US$0.34 per ordinary share, in cash.
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.