Zhitong Finance App News, Yiju Enterprise Holdings (02048) issued an announcement. The company's board of directors received a letter of intent, in which Ding Zuyu, CEO and executive director of the company, represented himself and his investor consortium and indicated that it intended to acquire controlling interests in CRIC Holdings Co., Ltd. and Shanghai Kerui Information Technology Co., Ltd. (collectively known as “CRIC Businesses”) (all indirect subsidiaries of the company).
CRIC Businesses is an industry-leading real estate big data application and consulting service provider in China. The information currently covers 387 cities. CRIC Businesses relies on strong professional research capabilities and consulting teams to serve more than 95% of the top 100 real estate companies, and provide comprehensive solutions for online and offline real estate information services for the government, enterprises and buyers.
The main terms and conditions of the proposed takeover offer by Dr. Ding and his foundation are as follows: Offer Price: RMB 520 million; Ownership in the proposed acquisition of CRIC Businesses: 65%.
Dr. Ding resigned as CEO of the company due to his stated intention to acquire a controlling interest in CRIC Businesses and to focus on its management, effective April 2, 2024. Dr. Ding will remain Chairman of CRIC Businesses. Dr. Ding will continue to serve as Executive Director of the Board.
Zhou Xin, the chairman and executive director of the company, has been appointed as the company's CEO with effect from April 2, 2024.