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Yixin Group Updates On Possible Cash Offer By Consortium Of Tencent Mobility & Hammer Capital
Bitauto Enters Into Definitive Agreement For Going-Private Transaction
Bitauto Posts Q1 Loss Per ADS Of RMB 11.61
Bitauto Holdings Limited is a provider of Internet content and marketing services for China's automotive industry. The Company's bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback. The Company operates through three segments: advertising business, EP platform business and digital marketing solutions business. The advertising business offers a range of advertising services mainly to automakers through its Websites, as well as mobile applications. The EP platform business provides Web-based and mobile-based integrated digital marketing solutions to automobile customers in China. The digital marketing solutions business provides automakers with digital marketing solutions, including Website creation and maintenance, online public relations, online marketing campaigns and advertising agent services.
New Century Hotel Office Tower 6/F
No 6 South Capital Stadium Road Beijing
Chairman of the Board
Chief Executive Officer, Director
Chief Financial Officer
Chief Operating Officer
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Chinese car comparison website Bitauto Holdings Ltd <BITA.N> on Friday agreed to be taken private by an investor group backed by gaming and social media firm Tencent Holdings Ltd <0700.HK> for $1.1 billion in cash.
Chinese car comparison website Bitauto Holdings Ltd said on Friday it would be taken private by a Tencent Holdings Ltd backed investor consortium in an all-cash deal for $1.1 billion.
Tencent Holdings Ltd and private equity partner Hammer Capital have offered $16 per share to buy out the other shareholders in Chinese car comparison website Bitauto Holdings Ltd, valuing the company at just under $1.2 billion.
Tencent Holdings Ltd <0700.HK> and private equity partner Hammer Capital have offered $16 per share to buy out the other shareholders in Chinese car comparison website Bitauto Holdings Ltd <BITA.N>, valuing the company at just under $1.2 billion.
(Corrects fourth bullet to say Q1 diluted net income per ADS was RMB0.34 (US$0.05), not RMB0.29 (US$0.04); corrects fifth bullet to say Q1 non-gaap diluted net income per ADS was RMB1.91 (US$0.28), not RMB1.68 (US$0.25)) Bitauto Holdings Ltd:
* BITAUTO BOARD OF DIRECTORS APPROVES $150 MILLION SHARE REPURCHASE PROGRAM
* BITAUTO ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2017 RESULTS
* BITAUTO ANNOUNCES APPOINTMENT OF PRESIDENT ANDY ZHANG AS CHIEF EXECUTIVE OFFICER
* Q3 REVENUE RMB 2.34 BILLION VERSUS I/B/E/S VIEW RMB 2.21 BILLION
* Bitauto announces the IPO hearing for Yixin's application to list on the stock exchange of Hong Kong limited
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.