Zhihu, Inc. Class A (HK:2390) has released an update.
Zhihu Inc. has announced a voluntary conditional cash offer to repurchase up to 46,921,448 Class A ordinary shares, which is approximately 15.9% of its shares, at a premium price of HK$9.11 per share (US$3.50 per ADS). This move, advised by Deutsche Bank AG, Hong Kong Branch, and fully funded by internal resources, presents a 7.2% to 14.9% premium over recent closing prices on the Hong Kong Stock Exchange, and a 14.4% to 14.8% premium on the NYSE. The buyback reflects a significant discount to the company’s consolidated net asset value as of the end of the previous year.
For further insights into HK:2390 stock, check out TipRanks’ Stock Analysis page.
