Announcement • Dec 24China Index Holdings to Delist ADSs on the Nasdaq Capital MarketChina Index Holdings Limited (“CIH” or the “Company”) announced that it has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with CIH Holdings Limited (“Parent”) and CIH Merger Sub Holdings Limited (“Merger Sub”), a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement and subject to the terms and conditions thereof, Merger Sub will be merged with and into the Company, with the Company continuing as the surviving company and becoming a wholly-owned subsidiary of Parent (the “Merger”), in a transaction implying an equity value of the Company of approximately USD 92.0 million. The Merger is currently expected to close during the first quarter of 2023 and is subject to customary closing conditions. If completed, the Merger will result in the Company becoming a privately held company, and its ADSs will no longer be listed on the NASDAQ Capital Market, and the Company’s ADS program will be terminated.
Announcement • Nov 10China Index Holdings Limited to Report Q3, 2022 Results on Nov 15, 2022China Index Holdings Limited announced that they will report Q3, 2022 results Pre-Market on Nov 15, 2022
Seeking Alpha • Oct 13China Index receives proposal for acquisition of class A, class B sharesChina-based real estate information and analytics service platform provider China Index (NASDAQ:CIH) has received a revised preliminary non-binding proposal for the acquisition of the company's class A and class B ordinary shares. The proposal was sent by a consortium comprising of Fang Holdings (OTC:SFUNY), Tianquan Mo and his affiliates, True Knight, Digital Link Investments and General Atlantic Singapore Fund. The consortium wishes to acquire shares that it does not currently own in a going-private transaction for a cash purchase price of $0.84 per share or American depositary share. The consortium currently owns in aggregate ~61% of all the issued and outstanding class A shares and ~100% of all the issued and outstanding class B shares. The ownership represents ~91.4% of the total voting power of the company. The new proposal is a revision to the Aug. 23 proposal by Fang, and it states, among others, that the members of the consortium have agreed to work exclusively with each other in pursuing the proposed transaction. Source: Press Release