eFuture Holding enters into definitive merger agreement with Shiji(Hong Kong) Ltd

Industry:    2016-09-26

eFuture Holding Inc

* eFuture Holding Inc. enters into definitive merger agreement

* Deal for US$6.42 per share

* Transactions will be financed by equity capital of parent and its affiliates

* Shiji (Hong Kong) Ltd agreed to vote all shares beneficially owned by it in favor of authorization and approval of merger agreement and merger

* Special committee of independent directors unanimously approved merger agreement

* Transactions will result in company becoming a privately-held company

* Shiji (Hong Kong) Limited beneficially owns shares representing about 52.24% of total voting power of outstanding shares of co

* Entered into an agreement and plan of merger with Shiji (Hong Kong) Limited and eFuture CI Limited Source text for Eikon: Further company coverage:

 


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