share_log

Zhihu | 6-K: Zhihu Announces Extension of Cash Tender Offer Pricing;Date of Board Meeting

SEC ·  Aug 9 06:18
Summary by Moomoo AI
Zhihu Inc., a company incorporated in the Cayman Islands and listed on both the NYSE and HKEX, has announced a conditional voluntary cash offer to buy back up to 46,921,448 Class A ordinary shares, including those in the form of American Depositary Shares (ADS), at a price of HK$9.11 per share or US$3.50 per ADS. The offer, advised by Deutsche Bank AG, Hong Kong Branch, was initially detailed in a July 19, 2024 announcement. However, Zhihu Inc. has requested and received approval for an extension of the deadline to dispatch the offer document to shareholders and ADS holders to on or before September 9, 2024. This extension is due to the need for additional time to prepare and finalize certain financial information. The completion of...Show More
Zhihu Inc., a company incorporated in the Cayman Islands and listed on both the NYSE and HKEX, has announced a conditional voluntary cash offer to buy back up to 46,921,448 Class A ordinary shares, including those in the form of American Depositary Shares (ADS), at a price of HK$9.11 per share or US$3.50 per ADS. The offer, advised by Deutsche Bank AG, Hong Kong Branch, was initially detailed in a July 19, 2024 announcement. However, Zhihu Inc. has requested and received approval for an extension of the deadline to dispatch the offer document to shareholders and ADS holders to on or before September 9, 2024. This extension is due to the need for additional time to prepare and finalize certain financial information. The completion of the offer is contingent upon the satisfaction of certain conditions, including the approval of the offer by independent shareholders at an Extraordinary General Meeting (EGM). If the conditions are not met, the offer will lapse. Shareholders and ADS holders have been advised to read the forthcoming offer document carefully before voting at the EGM and to seek independent professional advice if necessary.
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more