On September 14th, according to media reports, Yixin group yesterday announced that the company's board of directors had received a preliminary non binding privatization offer dated September 12th.
The offer was made by a buyer group composed of companies such as Tencent and Hammer Capital. The proposed privatization deal was carried out at a cash price of US $16 per American Depository stock, which is intended to acquire all the issued common stocks of the buyer's group or its associated companies which are not yet available. After the transaction is completed, the buyer's group will get the control of the easy car.
Yi said that the board of directors of the company would establish an independent special committee to consider the transaction and said that it had just received a non binding proposal document from the buyer group and had not yet made any decision on the transaction. Moreover, Jingdong, Li Bin and Cox Automotive Global Investments have jointly owned more than 48.5% of their shares and agreed to vote for the deal.
Among them, Jingdong is the first largest shareholder, holding 25.1% of the shares; Yi Che founder and chairman Li Bin is the third largest shareholder, holding 11% of the shares; Tencent is the sixth largest shareholder, holding 7.8% of the shares.
In addition, according to the financial graffiti report, Yi Che CEO Zhang Xuan issued an internal letter after the announcement, indicating that in the cold winter of the car market, the operation data of the Yi car has maintained a high growth in the past year: the App DAU of Yi car increased by more than 240% over the same period, and sales leads grew by 900% over the same period.