• Home
  • About Us
  • Anti Spam Policy
  • Contact Us
  • Cookie Policy
  • DMCA
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
Top Motoric
  • Home
  • Motorcycles
  • Luxury Cars
  • Car Services
    • Car Accident
    • Car Hire
    • Car Covers
  • Auto Parts
    • Tires
  • Auto Shows
    • Used Cars
  • Contact Us
  • Pages
    • Disclaimer
    • About Us
    • Anti Spam Policy
    • Cookie Policy
    • DMCA
    • Privacy Policy
    • Terms and Conditions
No Result
View All Result
  • Home
  • Motorcycles
  • Luxury Cars
  • Car Services
    • Car Accident
    • Car Hire
    • Car Covers
  • Auto Parts
    • Tires
  • Auto Shows
    • Used Cars
  • Contact Us
  • Pages
    • Disclaimer
    • About Us
    • Anti Spam Policy
    • Cookie Policy
    • DMCA
    • Privacy Policy
    • Terms and Conditions
No Result
View All Result
Top Motoric
No Result
View All Result
Home Car Services

EHi Car Services Announces Extraordinary General Meeting of Shareholders

Christina Moran by Christina Moran
August 14, 2023
in Car Services
0

SHANGHAI, the leading automobile rental and vehicle services organization in China, nowadays announced that it has called a first-rate trendy meeting of shareholders (the “EGM”) to be held on April eight, 2019 at 10:00 a.M. (Shanghai time), at Unit 12/F, Building No. 5, Guosheng Center, 388 Daduhe Road, Shanghai, 200062, the People’s Republic of China. The assembly can be held to don’t forget and vote on, amongst other matters: the concept to authorize and approve the formerly announced amended and restated agreement and plan of merger (the “Merger Agreement”) dated February 18, 2019, a number of the Company, Teamsport Parent Limited (“Parent”), and Teamsport Bidco Limited (“Merger Sub”), a wholly-owned subsidiary of Parent; the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the “Plan of Merger”); and the transactions pondered thereby, consisting of the Merger (as described beneath).

EHi Car Services Announces Extraordinary General Meeting of Shareholders 1

Under the Merger Agreement and the Plan of Merger, Merger Sub’s effective time will merge with and into the Company, with the Company surviving the merger as the surviving business enterprise below Cayman Islands regulation (the “Merger”). If completed, the proposed Merger would bring about the Company turning into a privately held corporation this is entirely owned through associates of Mr. Ray Ruiping Zhang, the chairman, and leader executive officer of the Company, MBK Partners Fund IV, L.P., The Crawford Group, Inc., Ctrip Investment Holding Ltd., Ocean General Partners Limited and Dongfeng Asset Management Co., Ltd. (collectively, the “Buyer Group”).

Following the consummation of the Merger, the American depositary shares of the Company (every representing two Class A not unusual shares, par cost US$zero.001 consistent with share) (“ADSs”) will now not be listed at the New York Stock Exchange. In addition, the ADSs and the Company’s Class A common stocks represented by way of the ADSs will stop to be registered underneath Section 12 of the Securities Exchange Act of 1934.

The Company’s board of directors, appearing upon the unanimous advice of a unique committee of the Company’s board of administrators composed absolutely of independent directors unaffiliated with the Buyer Group or any member of the management of the Company, authorized and accepted the Merger Agreement, the Plan of Merger and the transactions pondered thereby (along with the Merger). It resolved to endorse that the Company’s shareholders vote FOR, among other matters, the idea to authorize and approve the Merger Agreement, the Plan of Merger, and the transactions contemplated thereby (along with the Merger).

Shareholders of the document on the close of commercial enterprise in the Cayman Islands on March 22, 2019, could be entitled to attend and vote on the EGM. As of the near commercial enterprise in New York City on March eleven, 2019, ADS holders might be entitled to coach JPMorgan Chase Bank, N.A., in its capacity because the ADS depositary, to vote the Class A commonplace shares represented by using their ADSs at the EGM.

Additional information concerning the EGM and the Merger Agreement may be located in the transaction announcement on Schedule 13E-three. The definitive proxy statement attached as Exhibit (a)-(1) thereto, as amended, filed with the U.S. Securities and Exchange Commission (the “SEC”), which may be acquired, in conjunction with different filings containing data about the Company, the proposed Merger, and related matters, without fee, from the SEC’s internet site (www.Sec.Gov) or on the SEC’s public reference room positioned at 100 F Street, NE, Room 1580, Washington, D.C. 20549. In addition, copies of these files can also be obtained, without fee, via contacting the Company at +86 (21) 6468-7000 ext.

The Company and certain of its directors, executive officers, and different contributors of control and employees may, below SEC guidelines, be deemed to be “participants” in the solicitation of proxies from the Company’s shareholders concerning the proposed Merger. Further facts regarding people who can be deemed participants and any direct or oblique interests they may have are ready forth in the definitive proxy statement relating to the Merger.

This announcement is neither a solicitation of proxy, an offer to purchase, nor a solicitation of a proposal to sell any securities. It isn’t an alternative to any proxy statement or other filings that can be made with the SEC to recognize the proposed Merger.

Content Summary show
About eHi Car Services Limited
Safe Harbor

About eHi Car Services Limited

eHi Car Services Limited (NYSE: EHIC) is a main automobile rental and car offerings issuer in China. The Company’s venture provides complete mobility answers as an alternative to car possession with the aid of great using current resources and sharing financial system to create optimal cost. EHR distinguishes itself in China’s fast-developing vehicle rental and car services market thru its complementary commercial enterprise model, consumer-centric corporate subculture, extensive geographic insurance, green fleet management, main brand name, and commitment to technological innovation. Eli is the special strategic associate in China to the brand’s Enterprise Rent-A-Car, National Car Rental, and Alamo Rent-A Car owned through Enterprise Holdings, Inc., the biggest automobile rental company inside the international. Enterprise Holdings, Inc. It is owned by using The Crawford Group, Inc. For more facts concerning eHi, please visit http://en.1hai.Cn.

Safe Harbor

This information release can also include positive statements that are not descriptions of historical information but are forward-looking statements. These forward-searching statements can be identified using terminology along with “if,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and comparable statements. Forward-looking statements contain risks, uncertainties, and different factors that might purpose real effects to vary materially from those contained in any such statements.

Potential dangers and uncertainties encompass, but aren’t limited to, uncertainties as to the expected advantages and prices of the proposed Merger; the expected timing of the crowning glory of the Merger; the events’ capacity to finish the Merger considering the numerous remaining conditions; the opportunity that various last conditions to the Merger won’t be glad or waived; how the Company’s shareholders will vote on the meeting of shareholders; the possibility that competing gives might be made and other risks and uncertainties discussed inside the Company’s filings with the SEC, which includes the Schedule 13E-3 transaction assertion and the proxy statement filed through the Company about the Merger. The Company does not adopt any obligation to update any forward-looking assertion, except as required underneath relevant regulation.

Previous Post

Fixed fee car servicing: Everything you need to recognise

Next Post

Connected Car Services Market Is Booming Worldwide: Tech Mahindra, Accenture, Cisco Systems, LogiSense, Nokia

Christina Moran

Christina Moran

Organizer. Communicator. Food enthusiast. Unapologetic tv junkie. Twitter fanatic. Reader. Spent 2002-2008 licensing psoriasis for the underprivileged. Was quite successful at working with accordians with no outside help. Spent college summers lecturing about rubik's cubes on the black market. Set new standards for buying and selling human brains in Minneapolis, MN. Spent 2002-2007 selling licorice in Atlantic City, NJ. Have some experience working on the elderly in Atlantic City, NJ.

Next Post
Connected Car Services Market Is Booming Worldwide: Tech Mahindra, Accenture, Cisco Systems, LogiSense, Nokia

Connected Car Services Market Is Booming Worldwide: Tech Mahindra, Accenture, Cisco Systems, LogiSense, Nokia

No Result
View All Result

Today Trending

  • The Best Alternatives to P2p4u

    The Best Alternatives to P2p4u

    0 shares
    Share 0 Tweet 0
  • Survivor of Gretna teenager automobile crash released from burn unit

    0 shares
    Share 0 Tweet 0
  • Lagos Motor Fair, Autoparts Africa Expo keep in May

    0 shares
    Share 0 Tweet 0
  • HOW MUCH DOES IT COST TO RENT A LUXURY CAR IN DUBAI?

    0 shares
    Share 0 Tweet 0
  • Global Crude Oil Rail Car Services Market 2019:

    0 shares
    Share 0 Tweet 0

Recent Post

Car Accident Cover Sheet Template – How to Write a Good Claim Letter

Car Accident Cover Sheet Template – How to Write a Good Claim Letter

November 28, 2023
Denver Napa Auto Parts – Napa Auto Parts & Service

Denver Napa Auto Parts – Napa Auto Parts & Service

November 22, 2023
BMW Motorcycles – The Ultimate Guide to Riding a Sport Motorcycle

BMW Motorcycles – The Ultimate Guide to Riding a Sport Motorcycle

November 22, 2023
  • Home
  • About Us
  • Anti Spam Policy
  • Contact Us
  • Cookie Policy
  • DMCA
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
Mail us: admin@topmotoric.com

© 2023topmotoric - All Rights Reserved To Us

No Result
View All Result
  • Home
  • Motorcycles
  • Luxury Cars
  • Car Services
    • Car Accident
    • Car Hire
    • Car Covers
  • Auto Parts
    • Tires
  • Auto Shows
    • Used Cars
  • Contact Us
  • Pages
    • Disclaimer
    • About Us
    • Anti Spam Policy
    • Cookie Policy
    • DMCA
    • Privacy Policy
    • Terms and Conditions

© 2023topmotoric - All Rights Reserved To Us