Brief: So-Young Announces Receipt Of A Preliminary Non-Binding Proposal To Acquire The Company

So-Young International

22/11/2021 12:44

Nov 22 (Reuters) - So-Young International Inc  SY.O :
    * SO-YOUNG ANNOUNCES RECEIPT OF A PRELIMINARY NON-BINDING
PROPOSAL
TO ACQUIRE THE COMPANY
    * SO-YOUNG - GOT A PRELIMINARY NON-BINDING PROPOSAL LETTER
FROM
MR. XING JIN, CO-FOUNDER, CHAIRMAN OF BOARD AND CHIEF EXECUTIVE
OFFICER OF COMPANY
    * SO-YOUNG - PROPOSAL TO BUY ALL OF OUTSTANDING CLASS A
ORDINARY
SHARES OF CO NOT ALREADY OWNED BY BUYER GROUP FOR $5.30 PER
AMERICAN DEPOSITARY SHARE
    * SO-YOUNG - CAUTIONS BOARD HAS JUST RECEIVED PROPOSAL
LETTER AND
HAS NOT MADE ANY DECISIONS WITH RESPECT TO PROPOSAL LETTER AND
PROPOSED TRANSACTION
    * SO-YOUNG INTERNATIONAL INC- BOARD HAS FORMED A SPECIAL
COMMITTEE
TO EVALUATE AND CONSIDER PROPOSAL LETTER AND PROPOSED
TRANSACTION
    * SO-YOUNG INTERNATIONAL INC- SPECIAL COMMITTEE CONSISTS OF
MESSRS. CHARLES ZHAOXUAN YANG, CHAO HE AND HARRY JIANNAN WANG

Source text for Eikon:  ID:nGNX7PkLq0 
Further company coverage:  SY.O 

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