Zhihu Inc. Commences Tender Offers to Buy Back Up to US$54.8 Million of Its Class A Ordinary Shares and American Depositary Shares
Zhihu Inc. American Depositary Shares, each representing three (3) Class A Ordinary Shares (ZH)
Company Research
Source: PR Newswire
BEIJING, Sept. 9, 2024 /PRNewswire/ -- Zhihu Inc. (NYSE: ZH; HKEX: 2390) ("Zhihu" or the "Company"), a leading online content community in China, today announced that it has commenced all cash tender offers (the "Offers") to buy back up to 46,921,448 Class A ordinary shares of the Company (including in the form of American depositary shares (the "ADSs")) at an offer price of HK$9.11 per Class A ordinary share (equivalent of US$3.50 per ADS). Assuming that the maximum number of securities that can be accepted are tendered and accepted, the aggregate purchase price payable by the Company upon the consummation of the Offers would be approximately HK$427.5 million or US$54.8 million, excluding related transaction fees, costs, and expenses. The Offers consist of a U.S. offer (the "U.S. Offer") and a non-U.S. offer (the "Non-U.S. Offer") on equivalent terms and conditions set forth in the U.S. offer to purchase dated as of September 9, 2024 in connection with the U.S. offer (the "U.S. Offer
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High impacting Zhihu Inc. American Depositary Shares, each representing three (3) Class A Ordinary Shares news events
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News
- Zhihu Inc. to Report Third Quarter 2024 Financial Results on November 26, 2024PR Newswire
- Zhihu Inc. Announces Results of Tender Offers to Buy Back Its Class A Ordinary Shares and American Depositary SharesPR Newswire
- Zhihu Inc. Updates a Director's Intention to Participate in the Tender Offers [Yahoo! Finance]Yahoo! Finance
- Zhihu Inc. Updates a Director's Intention to Participate in the Tender OffersPR Newswire
- Zhihu Inc. Announces Results of the Extraordinary General Meeting and Satisfaction of the Condition of the Tender OffersPR Newswire
ZH
Sec Filings
- 11/13/24 - Form SC
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- ZH's page on the SEC website