O’Melveny Represents Buyer Group Led by Fang Holdings in Going Private Transaction of China Index Holdings
December 26, 2022
FOR IMMEDIATE RELEASE
BEIJING, DECEMBER 26, 2022 — O’Melveny represents a buyer consortium led by Fang Holdings (OTC: SFUNY) (the “Buyer Group”) in a going private transaction involving China Index Holdings (NASDAQ: CIH).
China Index Holdings is a leading real estate information and analytics service platform provider in China. Its services span across database, analytics and promotions services for China’s real estate markets. The Buyer Group consists of Fang Holdings, a leading real estate Internet portal in China, and certain existing shareholders of China Index Holdings.
Pursuant to a merger agreement dated December 22, 2022, the Buyer Group will acquire all of the outstanding shares of China Index Holdings not owned by them at a merger consideration equal to US$1.0 per share, representing aggregate equity value of approximately US$92 million.
The O’Melveny team was led by partner Alan Bao and senior legal consultant Aaron Xin, and included associate Qianru Hong, and legal consultant Elle Mei. In addition, partner Billy Abbott advised on tax issues.
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Contact:
Shannon Lynch
O’Melveny & Myers LLP
+1 212 326 2218
slynch@omm.com
Chris Schob
O’Melveny & Myers LLP
+86 21 2307 7000
cschob@omm.com