Zhihu, Inc. Class A (HK:2390) has released an update.
Zhihu Inc. announces a conditional voluntary cash offer to buy back up to 46,921,448 of its Class A ordinary shares at HK$9.11 each, equivalent to US$3.50 per American Depositary Share. The offer documents detailing the procedure and timeline have been dispatched to shareholders, with an Extraordinary General Meeting (EGM) scheduled for October 16, 2024, to approve the transaction. Shareholders are urged to read the offer documents carefully before making any decisions.
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