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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The homepage of eLong.com. [File photo]
3. eLong

China's mobile and online travel service provider eLong Inc. announced on June 1 the completion of its merger with China E-dragon Mergersub Limited, a wholly owned subsidiary of eLong's parent company China E-dragon Holdings Limited. Through the merger, eLong successfully went private.

Shareholders of eLong were offered US$18 in cash per American depositary share, which added a 24% premium to the closing price of the company's shares on July 31, 2015, the last trading day before the company announced its take-private proposal.

eLong went public on NASDAQ in 2004.

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