SHANGHAI, Nov. 27, 2017 /PRNewswire/ -- eHi Car Services
Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rental
and car services company in China,
today announced that its Board of Directors (the "Board") has
received a preliminary non-binding proposal letter (the "Proposal
Letter"), dated November 26, 2017,
from Goliath Advisors Limited ("Goliath"), a third party
China-based investment fund.
According to the Proposal Letter, Goliath has proposed to acquire
all outstanding common shares of the Company for US$13.35 in cash per American depositary share of
the Company (each representing two Class A common shares) or
US$6.675 in cash per common share of
the Company.
The Board plans to evaluate the Proposal Letter. The Board
cautions the Company's shareholders and others considering trading
in its securities that the Board just received the Proposal Letter
and no decisions have been made with respect to the Company's
response to the Proposal Letter and the transaction contemplated
thereby. There can be no assurance that any definitive offer will
be made, that any agreement will be executed or that this or any
other transaction will be approved or consummated. The
Company does not undertake any obligation to provide any updates
with respect to this or any other transaction, except as required
under applicable law.
About eHi Car Services Limited
eHi Car Services Limited (NYSE: EHIC) is a leading car rental
and car services providers in China. The Company's mission is to provide
comprehensive mobility solutions as an alternative to car ownership
by best utilizing existing resources and sharing economy to create
optimal value. eHi distinguishes itself in China's fast-growing car rental and car
services market through its complementary business model,
customer-centric corporate culture, broad geographic coverage,
efficient fleet management, leading brand name, and commitment to
technological innovation. eHi is the exclusive strategic partner in
China of Enterprise, the largest
car rental company in the world, and is the designated and
preferred business partner of Ctrip, a leader in the online travel
agency industry in China. For more
information regarding eHi, please visit http://en.1hai.cn.
Safe Harbor Statement
This press release contains certain "forward-looking
statements" within the meaning of federal securities laws. All
statements, other than statements of historical facts, included
herein are "forward-looking statements" including, among other
things, statements about eHi's beliefs and expectations. The
expectations reflected in these forward-looking statements involve
significant assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. Potential risks
and uncertainties include, but are not limited to, risks discussed
in ehi's filings with the U.S. Securities and Exchange Commission
at www.sec.gov. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
For investor and media inquiries, please contact:
In China:
eHi Car Services Limited
Tel: +86 (21) 6468-7000 ext. 8830
E-Mail: ir@ehic.com.cn
In the United States:
The Piacente Group, Inc.
Ms. Brandi Piacente
Tel: +1-212-481-2050
E-Mail: ehi@thepiacentegroup.com
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SOURCE eHi Car Services Limited