founders

111

09/09/2022 12:24

** U.S.-listed shares of China-based internet medical and
health firm 111 Inc  YI.O  up 1.6% at $3.1 premarket
    ** Co says it received an unsolicited offer from its
co-founders and Shanghai Guosheng Capital Management Co Ltd
(together the buyer group) to take YI private
    ** Proposal to buy all of outstanding class A shares that
are not owned by the buyer group for $1.83/share or $3.66 per
ADS in cash  urn:newsml:reuters.com:*:nPn8wcGZda
    ** Buyer group intends to fund the deal with equity capital
    ** YI shares down 12.9% YTD, as of last close

 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))