Brief: Fanhua Announces Receipt Of Non-Binding Going Private Proposal

AIFU

16/12/2021 13:34

Dec 16 (Reuters) - Fanhua Inc  FANH.O :
    * FANHUA ANNOUNCES RECEIPT OF NON-BINDING GOING PRIVATE
PROPOSAL
    * FANHUA INC - BOARD INTENDS TO FORM A SPECIAL COMMITTEE
CONSISTING OF INDEPENDENT DIRECTORS TO CONSIDER PROPOSED
TRANSACTION
    * FANHUA INC -  RECEIVED PROPOSAL FROM A CONSORTIUM TO
ACQUIRE
SHARES OF CO NOT ALREADY OWNED BY CONSORTIUM FOR $9.8 PER ADS
    * FANHUA INC -  RECEIVED PROPOSAL LETTER FROM A CONSORTIUM
LED BY
YINAN HU, FOUNDER AND A DIRECTOR OF COMPANY
    * FANHUA INC - YINAN HU WILL FORM AN ACQUISITION VEHICLE FOR
PURPOSE OF IMPLEMENTING PROPOSED TRANSACTION

Source text for Eikon:  ID:nGNXkLDmw 
Further company coverage:  FANH.O 

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