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 launches tender offer to repurchase $54.8M shares [Seeking Alpha]Seeking Alpha
- Zhihu: Bottom Line Improvement Came At The Expense Of Larger Revenue Drop [Seeking Alpha]Seeking Alpha
- Zhihu Second Quarter 2024 Earnings: CN¥0.89 loss per share (vs CN¥2.76 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Zhihu Inc. (ZH) Q2 2024 Earnings Conference Call Transcript [Seeking Alpha]Seeking Alpha
- Zhihu Inc. Reports Unaudited Second Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
ZH
Sec Filings
- 9/10/24 - Form 6-K
- 9/9/24 - Form 6-K
- 9/9/24 - Form SC
- ZH's page on the SEC website