China Index Holdings Announces Completion of Merger
BEIJING, April 17, 2023 (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 the completion of the merger (the “Merger”) of the Company with CIH Merger Sub Holdings Limited (“Merger Sub”), an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly owned subsidiary of CIH Holdings Limited (“Parent”), an exempted company with limited liability incorporated under the laws of the Cayman Islands, pursuant to the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of December 22, 2022, by and among the Company, Parent and Merger Sub.
- BEIJING, April 17, 2023 (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 the completion of the merger (the “Merger”) of the Company with CIH Merger Sub Holdings Limited (“Merger Sub”), an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly owned subsidiary of CIH Holdings Limited (“Parent”), an exempted company with limited liability incorporated under the laws of the Cayman Islands, pursuant to the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of December 22, 2022, by and among the Company, Parent and Merger Sub.
- As a result of the Merger, CIH became a wholly owned subsidiary of Parent, and the ADSs of the Company no longer trade on the NASDAQ Capital Market (“NASDAQ”).
- In connection with the consummation of the Merger, the Company has requested that trading of its ADSs on NASDAQ be suspended prior to opening of trading on April 17, 2023.
- The Company requested that NASDAQ file with the SEC a Form 25 relating to the delisting of the Company’s ADSs from NASDAQ.