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Hi Sun Technology (China) Limited ( (HK:0818) ) just unveiled an update.
Hi Sun Technology (China) Limited has updated investors on its stake in Cloopen, noting that the cloud communications company has agreed to a merger with a Cayman Islands consortium led by founder Changxun Sun and several institutional investors. The deal values Cloopen’s equity at about US$162.89 million and offers significant premiums to its prior American Depositary Share trading prices.
Under the merger terms, Cloopen shareholders will receive US$0.4940 per ordinary share or US$2.9641 per ADS in cash, with the transaction expected to close in the fourth quarter of 2026, subject to shareholder approval and other conditions. Upon completion, Cloopen will be taken private, its ADSs will be delisted from the OTC Pink Market, and Hi Sun’s currently fully written-down holding of 55,677,341 Class A shares could potentially realize value, although the board is still reviewing the merger terms and has not yet agreed to participate.
More about Hi Sun Technology (China) Limited
Hi Sun Technology (China) Limited is a Bermuda-incorporated company listed in Hong Kong, operating in the financial and retail technology sector. Through its investments, it participates in digital and cloud-based technology businesses, including holdings in communications platform provider Cloopen, aligning its portfolio with payment, fintech and retail tech ecosystems.
Average Trading Volume: 1,052,943
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.21B
See more data about 0818 stock on TipRanks’ Stock Analysis page.