China Index Holdings Announces Receipt of a Revised Preliminary Non-Binding Proposal and Appointment of Independent Financial Advisor to Special Committee
BEIJING, Oct. 13, 2022 (GLOBE NEWSWIRE) — China Index Holdings Limited (NASDAQ:CIH), (“CIH” or the “Company”), a leading real estate information and analytics service platform provider in China, today announced that its special committee of the board of directors (the “Special Committee”) has received a revised preliminary non-binding proposal letter (the “Revised Proposal”), dated October 13, 2022, from (i) Fang Holdings Limited (“Fang”), (ii) Mr. Tianquan Mo and his affiliates, (iii) True Knight Limited, a company wholly owned by Mr. Jiangong Dai, the chairman of the board of directors of the Company, (iv) Digital Link Investments Limited and (v) General Atlantic Singapore Fund Pte. Ltd. (together with its affiliated investment entities) (collectively, the “Consortium”) to acquire all outstanding Class A ordinary shares (the “Class A Shares”) and Class B ordinary shares (the “Class B Shares”, together with Class A Shares, the “Shares”) of the Company, including Class A Shares represented by American depositary shares (“ADSs”, each representing one Class A Share), that are not currently owned by the Consortium in a going-private transaction (the “Proposed Transaction”), for a purchase price of US$0.84 in cash per Share or ADS. A copy of the Revised Proposal is attached hereto as Exhibit A.