The Zhitong Finance App learned that China-based real estate information and analysis service platform provider CIH.US (CIH.US) has received a revised preliminary unrestricted proposal to acquire the company's Class A and Class B common stock.
The proposal was issued by a consortium composed of Fang Holdings (SFUNY.US), Tianquan Mo and its subsidiaries, True Knight, Digital Link Investments, and General Atlantic Singapore Fund.
The consortium hopes to buy a portion of the shares it currently does not own at a cash purchase price of $0.84 per share or American Depositary Shares (ADS) in the privatization deal.
The consortium currently owns a total of about 61% of all outstanding Class A shares and approximately 100% of all issued Class B shares. Shareholding accounts for 91.4% of the company's total voting rights.