[{"_1":2,"_84":-5,"_85":-5},"loaderData",{"_3":4,"_6":7},"root",{"_5":-5},"user","routes/tag.$slug",{"_8":9,"_73":74,"_81":76,"_82":58,"_83":58},"posts",[10],{"_11":12,"_13":14,"_15":16,"_17":18,"_19":20,"_21":22,"_23":24,"_25":26,"_27":28,"_29":30,"_31":32,"_33":34,"_35":-5,"_36":37,"_38":39,"_49":50,"_66":67,"_68":69,"_70":71,"_72":32},"documentId","e617b7a58ms8qswhh6qevvxs","title","Jumei International Holding Ltd. Announces Completion of Going Private","slug","jumei-international-holding-ltd-announces-completion-of-going-private","excerpt","As a result of the merger, the company ceased to be a publicly traded company and became a wholly-owned subsidiary of parent. ","content","\n

Jumei International Holding Ltd. (NYSE: JMEI) today announced the completion of its merger with Jumei Investment Holding Ltd., a wholly-owned subsidiary of Super ROI Global Holding Ltd., pursuant to the agreement and plan of the merger dated February 25, 2020 by and among parent, purchaser and the company. As a result of the merger, the company ceased to be a publicly traded company and became a wholly-owned subsidiary of parent.

\n\n\n\n

Super ROI and its wholly owned subsidiary, Jumei Investment Holding Ltd., have accepted for payment all Class A Ordinary Shares (including Class A Ordinary Shares represented by ADSs) that were validly tendered and not validly withdrawn prior to the expiration of the offer at price of $2.00 in cash per Class A Ordinary Share, or $20.00 in cash per ADS, without interest and less $0.05 per ADS cancellation fees and other related fees and withholding taxes, in accordance with the terms and conditions of the offer.

Once a popular cosmetics and luxury shopping platform, Jumei Youpin was listed on the NYSE in 2014 after benefitting from its founder Chen Ou’s online KOL marketing. Its share price rose from $27.25 at the opening to $39.45, with a peak market value of $5.78 billion. Jumei’s stock price has since fallen to $17.43, and has been blighted by counterfeit product scandals.

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Tag: #jumei

Jumei International Holding Ltd. Announces Completion of Going Private