Ruhnn Announces Completion of Going Private Transaction
News provided by
Share this article
Share this article
HANGZHOU, China, April 20, 2021 /PRNewswire/ Ruhnn Holding Limited ( ruhnn or the Company ) (NASDAQ: RUHN), a leading internet key opinion leader ( KOL ) facilitator in China, today announced the completion of its merger (the Merger ) with RUNION Mergersub Limited ( Merger Sub ), a wholly owned subsidiary of RUNION Holding Limited ( Parent ), pursuant to the previously announced agreement and plan of merger dated as of February 3, 2021 (the Merger Agreement ), by and among the Company, Parent and Merger Sub. As a result of the Merger, the Company ceased to be a publicly traded company and became a wholly owned subsidiary of Parent.
Ruhnn Announces Completion of Going Private Transaction prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Ruhnn Enters into Definitive Agreement for Going Private Transaction
News provided by
Share this article
Share this article
HANGZHOU, China, Feb. 3, 2021 /PRNewswire/ Ruhnn Holding Limited ( ruhnn or the Company ) (NASDAQ: RUHN), a leading internet key opinion leader ( KOL ) facilitator in China, today announced that it has entered into an Agreement and Plan of Merger (the Merger Agreement ) with RUNION Holding Limited ( Parent ) and RUNION Mergersub Limited ( Merger Sub ), a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement and subject to the terms and conditions thereof, Merger Sub will merge with and into the Company, with the Company continuing as the surviving entity and becoming a wholly owned subsidiary of Parent (the Merger ), in a transaction implying an equity value of the Company of approximately US$296.4 million.