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WUBA - 58.Com Inc News Story

$55.88 0.2  0.3%

Last Trade - 17/09/20

Sector
Technology
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £1.68bn
Position in Universe th / 6715

BRIEF-58.Com Announces Completion Of Merger with Quantum Bloom Company, Will cease To Be Publicly Traded Company As Result of Merger

Fri 18th September, 2020 8:42am
Sept 18 (Reuters) - 58.Com Inc  WUBA.N :
    * 58.COM ANNOUNCES COMPLETION OF MERGER
    * COMPLETION OF MERGER ( "MERGER") WITH QUANTUM BLOOM
COMPANY LTD
("MERGER SUB"), A WHOLLY-OWNED SUBSIDIARY OF QUANTUM BLOOM GROUP
LTD
    * ALSO ANNOUNCED TODAY THAT IT REQUESTED THAT TRADING OF ITS
ADSS
ON NEW YORK STOCK EXCHANGE ( "NYSE") BE SUSPENDED AS OF
SEPTEMBER 18
    * REGISTERED SHAREHOLDERS IMMEDIATELY PRIOR TO EFFECTIVE
TIME WILL
RECEIVE A LETTER OF TRANSMITTAL
    * 58.COM- EACH CLASS A ORDINARY SHARE, CLASS B ORDINARY
SHARE
ISSUED, OUTSTANDING&NOT REPRESENTED BY ADS OF COMPANY BEEN
CANCELLED AND CEASED TO EXIST
    * EACH OUTSTANDING ADS HAS BEEN CANCELLED IN EXCHANGE FOR
RIGHT TO
RECEIVE US$56.00 IN CASH WITHOUT INTEREST

Source text for Eikon:  ID:nPn4qV6yta 
Further company coverage:  WUBA.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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