Jumeiyoupin’s purchase price upon receiving the privatization offer is proposed to be $20 per share

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Sina science and technology news on the afternoon of January 12, Jumei announced that Jumei Youpin had received the privatization offer submitted by the buyer group represented by the CEO of Jumei group on January 11, and proposed to purchase the shares not held by the buyer group at a price of $20 per ads (American Depository shares), which was 15% higher than the closing price of the previous trading day. If the deal is concluded, jumeiyoupin will become a private holding company owned by the buyer group.
Previously, it was reported that at the shareholders’ meeting held in Jumei, Jumei shareholders had repeatedly proposed privatization. Some insiders believe that Jumei can provide investors with a relatively premium exit channel only through privatization. For Jumei, it may also boost its diversified business development and strategic transformation. (ROC)