Fang Holdings Receives Nonbinding 'Go-Private' Offer from General Atlantic

December 3, 2020
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Fang’s Holdings Limited, the operator of real estate portal, Fang.com, offers marketing, e-commerce, listing, and other value-heavy services for the Chinese real estate market. 

Recently, the company has announced its up 13.9% thanks to General Atlantic offering to acquire the Chinese company at a 20% premium. General Atlantic is an American growth equity firm providing capital and strategic support for global growth companies.

Specifically, General Atlantic has offered a nonbinding privatization proposal to the company, something that seems to have sparked the interest of investors. 

General Atlantic Singapore Fund and its affiliates are looking to buy all of the outstanding shares and American Depository Shares that it doesn’t already own for $1.468 a share. 

Furthermore General Atlantic is suggesting to finance the deal with equity capital and some debt capital to make the offer even more tantalizating.

December 3, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

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