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AUTOHOME-S Announces Change in Controlling Shareholder: Ping An's Yun Chen Sells Stakes to Haier's Arm at US$1.8B
AUTOHOME-S (02518.HK)(ATHM.US) announced that the Company had been informed by Yun Chen Capital Cayman (Yun Chen, a subsidiary of Ping An), its controlling shareholder, that Yun Ch...
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AUTOHOME-S Announces Change in Controlling Shareholder: Ping An's Yun Chen Sells Stakes to Haier's Arm at US$1.8B
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AUTOHOME-S (02518.HK)  -1.800 (-3.030%)   (ATHM.US)      announced that the Company had been informed by Yun Chen Capital Cayman (Yun Chen, a subsidiary of Ping An), its controlling shareholder, that Yun Chen entered into a share sale and purchase agreement with CARTECH HOLDING COMPANY, a subsidiary of Haier Group Corporation.

Pursuant to the Share Sale and Purchase Agreement, Yun Chen had agreed to sell, and the Purchaser had agreed to acquire, almost 201 million ordinary shares of the Company, representing approximately 41.91% of the issued and outstanding ordinary shares of the Company, at a consideration of approximately US$1.8 billion.

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Upon the completion of the Share Transfer, Yun Chen will hold 23.9165 million ordinary shares of the Company, and Yun Chen will cease to be the controlling shareholder of the Company.
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