10 Chinese companies going private in 2016

By Yan Pei
0 Comment(s)Print E-mail China.org.cn, September 19, 2016
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More and more U.S.-listed Chinese companies are seeking to go private this year. Most of them are planning to relist in China, as domestic market is believed to be a much easier place to attract investors.

Here is a list of 10 U.S.-traded Chinese companies that have completed the process of privatization.

Qi Xiangdong, president of Qihoo 360, speaks at an event. [Xinhua]

1. Qihoo 360

Qihoo 360 announced the finalization of its take-private transaction on July 15. The Chinese internet security company delisted from New York exchange on July 18, which marked the end of a 13-month process to complete the largest privatization deal of a U.S.-listed Chinese company.

Shareholders were offered US$77 in cash per American depositary share, a total value of about US$10 billion, from investors including company chairman and founder Zhou Hongyi.

Qihoo 360 raised US$175 million through its initial public offering in 2011, selling 12 million shares at US$14.5 per share.

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